Cosmos (ATOM) price rallied 23% from $8.35 to set a local top at $10.94 on January 12.
Cosmos price has flipped the $9.83 resistance level into a support floor.
is likely going to climb and set up a higher high, kickstarting the uptrend. Also read:Cosmosvalidators reject proposal to reduce token inflation rate to 0% Cosmos price ready to move higher Cosmos price crashed 33% between December 26 and January 3, creating the $8.35 to $12.60 range. Since January 3,
to continue trending higher in the coming days. A caveat to this bullish outlook is the potential buying opportunity that Cosmos price might provide come Monday. The start of the week always causes a minor pullback, which will be a key point to enter the markets, hoping for a bullish week. Therefore, a retest of the $9.83 support level should likely see a lot of buying pressure that results in a recovery rally to the next critical resistance levels at $10.44 and $10.94.