ATOM is Keeping Its Upside Momentum
Cosmos (ATOM) is rising by 1.5% to $6.310 this week, though it was 5.0% higher at $6.605 on Tuesday. The token retreated after a cautious breakthrough of the downtrend resistance. This could be positive for the upside scenario if prices hold above $6.25. This may push prices further up towards $7.00, or by 18.5%.
Bitcoin (BTC) is also rising above the support at $60,000 with a perspective to climb to $70,000, which could support ATOM as well. Additionally, Cosmos network developers have announced that its decentralized VPN, which uses ATOM as a native token, is almost completed. This development is also positive for ATOM's prices.
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