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the symbol of the cosmic ecosystem has experienced volatility over the past 24 hours, with a price range of 2.76%, reaching a peak of $4.327.
According to Coindesk Research’s technical analysis model, strong resistance appears around this level, and high trading volumes create a rejection zone, thus preventing further progress.
The COSMOS ecosystem is a network of many independent blockchains that continues to expand its cross-chain capabilities through the Eureka upgrade, which kicked out in April to enable seamless communication with the Ethereum blockchain.
Institutional developments including Bitbank’s Atom list and Canary Capital’s exploration of Cosmos-backed ETFs are also supported.
Technical Analysis
- Support is built around $4.21, with the price steady at the merger phase close to $4.233.
- The major recovery per hour occurred between 07:33-08:02, with the price of over 16,000 units rising to $4.239.
- The new support level is $4.237 and it bounces 1.4% thereafter.
this CD20 It showed significant volatility over 24 hours, reaching a peak of 1751.049 before retreating, with a total range of 22.573 points (1.3%).
After establishing a 24-hour high altitude within 22:00 hours on June 8, CD20 entered the merger phase, maintaining support above the 1730 level while approximately 50% of its growth phase, indicating potential stability after the recent upward momentum.
Disclaimer: Part of this article was generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full How leafy are you.
