- Cosmos Hub saw a surge in native token atoms on Friday, exploding 15% to lead the top gains.
- Atomic prices rose as cryptocurrencies suffered negative side pressure.
- Bitcoin has traded nearly $82,000, but analysts said Atom could target $10 with a breakout.
Cosmos (Atom) ranked as the top winner of the 100 largest cryptocurrencies by market cap on Friday as Bitcoin fought to hold $82,000.
The token suggests a continuing rise since mid-March, with COSMOS unveiling a collaboration between Interchain Foundation and Tharsis Labs key.
Improved interoperability for Ethereum-Cosmos appears to be a major funding goal.
It’s not a catalyst for today’s large profits, but Atom’s price trajectory suggests fresh interest.
Cosmos surges to lead the top altcoin
With each CoinMarketCap data, Cosmos Hub (Atom) tokens skyrocketed by over 15% to a high of $5.08. Altcoin’s profits come as the broader markets are worried about tariff concerns, resulting in profits.
However, Atom in particular has placed profits at a very important level.
Atom traded at $5.04 at the time of writing, up over 15% over the last 24 hours. The $238 million 24-hour trading volume rose 58%, with a market capitalization of nearly $1.91 billion.
This performance outperforms Atom in the top 100 market capitalization.
Only Pendle (Pendle), Sonic (S) and the manufacturer recorded similar profits on the day, but Ethereum, Solana and XRP struggled to hold their recent returns.
“The options desks show continuing demand for negative side protection. Short-term vols remains rising, reflecting the cautious sentiment of crypto and traditional risk assets overall,” said a QCP analyst.
“However, positioning is now light. Risk assets appear to be overexist. Conditions can be consistent due to tactical bounces, but the paths that advance will depend heavily on the incoming macro data.”
Cosmos Hub (Atom) Price Analysis
Technical indicators suggest a potential flip of bulls upwards.
Looking at Cosmos’ hourly charts, it was revealed that Atom is trading above the 50, 100 and 200-day index moving averages (EMA). This is usually a technology setup that demonstrates strong underlying support and the potential for continuous upward momentum.
Meanwhile, the relative strength index (RSI) rebounds from oversold and encourages traders to seek exposure.
A moving average convergence divergence (MACD) line crossed over the signal line and the histogram turned from red to green, confirming the purchase signal.
If the Bulls break the $5 resistance, a reverse head and shoulder pattern is seen, potentially leading atom towards $10.
However, market conditions and general headwinds can hinder bulls. In this case, a recession below $4.52 could encourage sellers. If this occurs, the atomic price could depend on support of nearly $3.50.
Post Cosmos (Atom) jumped 15% to lead the crypto rally amid tariff anxiety, and the eye-bullying breakout first appeared in Coinjournal.
