The post Analysts Eye 590% Gains In COSMOS Crypto, If It Does This appeared on BitcoinEthereumNews.com.

Cosmos crypto price made headlines with a potential 590% gain based on a Power of 3 setup, a 60% surge in user activity, and Nomic’s audit success. Price phases: Accumulation, Manipulation, and Projected Distribution The monthly timeframe shows a ‘Power Of 3’ setup in Cosmos cryoto price as it squared towards a projected gain of 590%. It breaks down into three separate phases — accumulation, manipulation, and distribution. In the accumulation phase, the price consolidated below and above an ascending channel. Liquidity accumulated sideways as players positioned themselves at increased prices. – Advertisement – This was a foundational phase to determine future price movements. Then, in the manipulation phase, the price broke below the accumulation zone through stop losses to conduct a liquidity grab. It is followed by a usual auto-cough to cull the weak hands off the market and continue to accumulate. ATOM/USDT monthly chart | Source: X The final distribution phase targets a price of $38.37 and therefore a potential upwards of 590% from current levels. – Advertisement – It’s the last phase of the Power of 3 setup, but this is a final distribution of liquidity at higher price levels. This classic pattern of accumulation, manipulation, and distribution indicates a bullish outlook for Cosmos. Increased Adoption Reflects Rising Demand for Cosmos Crypto In the past three weeks, active users rose by roughly 60%. The monthly active user is a unique, paid, and revenue-generating address, meaning that users are using the network, compared to just having a wallet and housing some test coins. You can see a strong comeback for user activity following a dip earlier in 2023 shown on the graph. With this current uptick, the ecosystem feels like it saw a reversal in its utility and user engagement. Source: X This compared favorably to previous sharp…

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Filed under: News - @ November 25, 2024 4:17 am