Cosmos Price Prediction: Bulls continue to dominate

Cosmos price shows bullish strength during the middle of February. A profitable trade setup is likely to manifest in the coming days.

Cosmos price points north

Cosmos price displays strong bullish signals after enduring last week's congestive market behavior that garnered 3% of losses. The bulls have successfully reconquered the 8-day exponential moving average and are attempting to solidify the bullish narrative by crossing over the 21-day simple moving average as well.

Cosmos price currently auctions at $14.22 as a consolidation zone is taking place between the aforementioned indicators. The relative strength index (RSI), an indicator used to gauge the kinetic potential of a trend by assessing previous swing points, shows Cosmos price as bottoming in an ideal support zone. There's also a bullish divergence between the low mark at the support zone at $12.76 and January 18's low at $11.48.

Considering these factors, the Cosmos price appear to be in a healthy uptrend. The next bullish target is 20% above the current market value at $16.80. The target is untagged liquidity dating back to 2022 when Cosmos price lost support from the $17 region.

Invalidation of the bullish thesis could arrive from a breach below the recent swing low at $12.76. In doing so, the bears could induce a 20% decline targeting the RSI's divergent low at $11.48.