https://coinedition.com/development-activity-for-cosmos-is-notably-high-santiment/  - Source 



This chart Represents the Development Activity happening in Each Eco system, And During this bear market Cosmos has been the most active network Constantly building and Developing during this bear market. the price action has not been the best but that should be irrelevant By now if you are looking at the bigger picture / IBC and what the Cosmos  Network Potential is all about.  Looking at the Daily ATOM chart, there is a Bull divergence and the Oscillator island is looking to start turning Positive ( Green ) which indicates further upside could be coming. 

ATOM Daily Chart and Fundamentals giving Mixed signals

As of right now, the Ribbons are still showing a " short " on price, but in my opinion the trend is starting to reverse





Looking at the Daily ATOM chart there are a few Concerning things happening, But there is alot more that meets the eye then just what the " Chart " is showing, and i will explain that in Further detail Shortly. First i want to talk about The thick Yellow line , which is the 200  Moving average.

we saw ATOM reject it twice, How ever its important to keep in mind this 200 Moving Average Rejection Started at exactly the same time Prop 82 was Proposed ( ATOM 2.0 ) and this Proposal looked like it was about to split the community apart Because it was a Very shady / Dodgy Proposal Created by who i like to call ( The ATOM Mafia ) Which Basically they wanted to Create a GIANT bag of cash in a DECETRALIZED , TRUSTLESS  space where they can just take Funds for what ever reason it maybe, friends, family, Living expenses, Who KNOWS, because we all wouldn't know about where the money is going, im sure those of you with a brain can see why this is such a Shady and dodgy thing to do..

70 Million for Development is plenty of money you would think... why the need for $500 Million dollars?  and then Factor in the amount of Dilution it would bring to smaller holders, Creating such a massive amount of new ATOM.. HELL NO.  And Another alarming thing about this Vote in Governance Was  these holders made up for a Very large majority of the " YES " vote which Made it look like it was going to Pass and Hence ALOT of people starting unbonding / Selling into the news which seemed to be a major reason why ATOM dumped Significantly.. How Ever The community got together and did NOT let Prop 82 pass Thankfully.  Major Red Flags starting to appear for me  when i noticed all the Bans and attempt to Censor people who would Call out this Prop 82 for being Shady in Many of the Community Groups / hubs.   Yes ATOM 2.0 did have some good ideas behind it, but it had way more Terrible and bad ideas which would ruin the tokenomics.

So with that out the way, On the Daily chart The  MACD is showing there is a Bull divergence and the Oscillator island is looking to start turning Positive ( Green ) which i assume means ATOM is going to be testing its 11$ Resistance zone soon, This seems to be a massive point of Control because Once ATOM can start breaking up above the 13$ Zone , we could potentially be Turning the 200 Moving average into Support, and if that happens, i think we will be on breakout watch ( along with a lot of other stuff across the Crypto market )   
Total Crypto Market Cap - Monthly 

Major Concerns happening on Total crypto Market cap -

The 2017 cycle high Support was tested and seems to be holding... for now, but its such a Fruit fly support (  meaning weak ) that its hard to have confidence in it. And Because this level is so Crucial and important to hold it will really determine where things go over the next few weeks.  if the $760 Billion Total Crypto market cap support Level breaks , its going to be another 40-50% Downside move across the markets, Destroying my Case for ATOM trend Reversal and probably bringing Bitcoin Down to its 12-10k Price range, But that is all depending on if that level breaks. 

The only " Positive " thing i can notice happening on the Monthly total crypto market chart is the MACD Oscillator is FINALLY showing Seller Exhaustion, which we have not seen for a very long time. March the 1st , 2022 is when The Seller Exhaustion really started to show on the MACD ,  which was around the $2 TRILLION DOLLAR Total crypto market cap. Since then we have seen over 2 Trillion Dollars LEAVE the Total crypto market cap... just a Perspective to keep in mind. 




My final thoughts on this  situation are this.  Peoples Emotions have been destroyed, Portfolios destroyed, everything that is said about crypto at this point just seems bad , and you should stay away, very far away from crypto.   that is the vibe im getting now days when seeing people who used to be so bullish about crypto when it was 50k-60k , Now not want to touch it, they expect lower, 4k bitcoin etc etc, Usually  these kind of times are not a bad time to start accumulating positions , but that's just my opinion and i could be wrong... another leg down could be around the corner, How ever The FED is going to pivot Eventually, its inevitable, and the Recent Federal reserve meeting is hinting towards a posssible 0.50 point Rather then 0.75 ... Either way preparing yourself during this bear market for the next cycle may be the most impactful thing you ever do when it comes to your Crypto journey.