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The broader market is at a crossroads as the FOMC meeting draws near. Amidst the uncertainty and speculation, the Cosmos ecosystem and its altcoins promise a strong recovery. Will these mid-cap altcoins have the choreography to overtake the meme coins? Read on to find out!
Cosmos Based Altcoins Worth Buying
Thorchain (RUNE)
With a falling channel pattern on the daily chart, RUNE’s price action shows significant bearish bias. However, the recent bullish cycle within this channel suggests a potential upside breakout for the Cosmos-based altcoin.
Currently, RUNE price is trading near the 50-day EMA and the 23.60% Fibonacci level at $3,977. It has now reclaimed the psychological level of $4, resulting in a bullish crossover signal in the MACD line with an intraday gain of 3.96%.
With a channel breakout, the price of the Cosmos-based altcoin could reach the psychological $10 level or the March 2024 high, with a potential upside of more than 2x or nearly 150%.
Celestia (TIA)
Similar to Rune, the price action of the TIA Token revealed a long-standing bearish resistance on the daily chart. However, the recent bullish reversal from the key Support zone at $3.86 of the Cosmos-based altcoin led to a bullish breakout.
The rally broke above the resistance level and challenged the 50-day EMA near the psychological level of $1.05. The Cosmos-based altcoin is currently trading at $4,872 with an intraday gain of 7.41% creating a bullish engulfing candle.
As Celestia’s bottom reversal continues to rise, the MACD and signal lines regain bullish alignment with increasing positive histograms.
Based on the Fibonacci levels, the most recent bullish strength above the 50-day EMA is the 23.60% Fibonacci level, and the 200-day EMA is near $7.87. A further rise above this could reach $1.20 or Celestia’s 52-week high near $21.14.
To learn more about TIA price prediction, read Celestia (TIA) Price Prediction
Saga (SAGA)
After the initial surge, SAGA’s price trend saw a massive pullback, resulting in a drop from $6.55 to $0.89. However, the Cosmos-based altcoin’s recovery broke above the 50-day EMA and reclaimed its overall psychological level.
Currently, the bullish trend is trading at $1.65, with focus on the next psychological level at $2. Based on Fibonacci levels, the nearest resistance is at $2.29, or the 23.60% Fibonacci level.
Amidst a broad market recovery, the upside potential for the Cosmos-based altcoin is at $6.55 and $8.00, at the 100% and 1.272 Fibonacci levels.
Bitcoin News Summary
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