Cosmos Hub (ATOM) Primary FocusIn comparison to other altcoins, the price growth of ATOM has been more gradual. The asset has appreciated by 60% over the past month and is currently hovering near the resistance zone of $10.20-$10.58. Notably, ATOM's rise seems quite steady, characterized by regular corrections and pullbacks. This kind of price movement is generally seen as more sustainable than a rapid, short-term spike.
The continuation of growth and reaching new highs are the current focus. Once the present resistance range is breached, buyers could set their sights on the next resistance levels at $11.0 and $11.5. As the new year approaches, we might witness an accelerated rise to the $15.4 level, marking the asset's annual high that hasn’t been tested for over 10 months.
A local correction in ATOM could see the asset drop to the $9.57 level. Below this, there is a support zone ranging from $8.62 to $9.13, and a buyer’s level at $8.15. These marks present appealing opportunities for opening long positions.
