The Cosmos value pumped 4% previously 24 hours to commerce for $8.476 as of 02:30 a.m. EST time, alongside a buying and selling quantity surge of 152%.

The ATOM value rose regardless of the broader flash crypto crash. It’s attributed partly to staking on the Cosmos chain and comes as group members anticipate the COOK airdrop for ATOM and OSMO token holders.

Cosmos Worth Outlook

In the meantime, the Cosmos value is consolidating inside a descending parallel channel on the day by day timeframe. Essential help is offered at $7.643, marking two equal lows. If this help stage fails to carry, the Cosmos value might prolong the autumn. This might see the altcoin revisit the $6.158 vary low, almost 30% beneath present ranges.

The place of the Relative Energy Index (RSI) beneath the imply stage of fifty, bolstered by the place of the Superior Oscillator (AO) in unfavorable territory, exhibits that the market favors the draw back. This provides credence to the bearish thesis.

TradingView: ATOM/USDT 1-day chart

Converse Case

Alternatively, a better have a look at the RSI exhibits that it has persistently recorded larger highs. This and the inexperienced histograms of the AO level to a rising bullish sentiment that would ultimately bode nicely for the Cosmos value.

Elevated purchaser momentum above present ranges might see the Cosmos value get better. For the bearish thesis to be negated, nevertheless, the bulls should not solely break and shut above the $10.667 stage, but in addition handle a candlestick above the equal highs of $12.433 on the one-day timeframe.

In the meantime, some crypto analysts are recommending SPONGE V2, which they are saying might 100X on launch, similar to its predecessor did in Could 2023.

Promising Various To Cosmos

Sponge V2 is a brand new meme coin with potential for prime returns, constructing on the success of the earlier Sponge V1 token, which achieved a 100x improve in worth in a bear market final 12 months.

With this confirmed monitor report of success, the much-anticipated Sponge V2 token enters the market, promising continued development and innovation. Considered one of its distinguishing options is its emphasis on group engagement and utility.

That’s why Sponge V2 gives a formidable staking yield of 163% each year on Ethereum and 340% on Ethereum. The mission has gained vital momentum, with over 9.884 billion $SPONGE tokens staked.

Sponge P2E Sport

The Sponge V2 group can be creating a novel Play-to-Earn (P2E) recreation, including an thrilling new characteristic to the token. Gamers can earn $SPONGEV2 tokens by enjoying the sport and rating on the leaderboard.

Providing each free and paid variations, customers can play for enjoyment or use Sponge V2 tokens to purchase recreation credit for added passive earnings. This upcoming Play-to-Earn recreation is predicted to play a big position in increasing the token’s utility, contributing to the mission’s development.

As of now, $SPONGEV2 is buying and selling at $001441, exhibiting a rise of 5,766% from the V1 launch value. This surge comes amid rising recognition even amongst big-name traders like Tron founder Justin Solar, who’s a Sponge hodler!

If you wish to purchase Sponge V2, don’t waste any time as a result of the staking rewards will scale back over time, and the mission is now providing a final probability to purchase earlier than listings on top-tier exchanges.

Go to and purchase Sponge V2 right here.

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