Cosmos

• Recent volume appears to be lower, indicating reduced trading activity, though the latest bars show an increase as the price falls again.
  
• The rise in volume during price declines may signal that sellers are stepping in with more strength.
  
• The overall trend since mid-April is downward, characterized by lower highs and lower lows, suggesting a sustained bearish market structure.
  
• The price briefly crossed above the moving average in mid-September, but the bearish structure remains intact until higher highs are formed.
  
• Support: Around $3.60, which aligns with the lower Bollinger Band and recent lows from August.
  
• Resistance: The $5.00 level appears to be a key resistance area, as the price reversed near this point twice recently, in September and early October.
  
• The lack of follow-through after testing the $5.00 level could indicate that the momentum is still bearish, but the current consolidation might lead to a potential upside if the bulls gain strength.
  
• Bearish Case: If the price breaks below the lower Bollinger Band and loses the support at $3.60, it may continue downward, with the next target around $3.00.
  
• Bullish Case: A break and close above the $5.00 resistance and the upper Bollinger Band could signal the start of a new uptrend, with a target near $6.50-$7.00.
  
• Cosmos is in a consolidation phase after a sustained downtrend. The current price action near the $4.00-$4.50 range is critical, as breaking support may lead to further declines.