CandleFocus Analysts Eye 590% Gains In COSMOS Crypto, If It Does This
2024-11-25
Author: Content Editor
The Cosmos crypto price has gained potential returns of 590% based on a "Power of 3" setup, accompanied by a 60% surge in user activity and a successful audit by Nomic. The price has gone through three phases - accumulation, manipulation, and distribution - and is currently in the distribution phase, targeting a price of $38.37. The increase in user activity suggests a reversal in utility and user engagement, possibly due to ecosystem announcements and developments. The audit of Nomic's codebase strengthens trust and adoption in the Cosmos ecosystem. The chart analysis indicates a bullish trend with higher highs and higher lows, supported by various technical indicators. The next price targets are $7.00 and $9.00, but a rejection at resistance could lead to a pullback to support.
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