Cosmos (ATOM) Price Analysis: Will the Recent Breakout Extend or Encounter a Pullback?

ATOM initiated a downtrend from a high of $5.00, breaking primary support levels before rallying near $420.

Cosmos (ATOM) price analysis shows extreme price fluctuations this week with many resistance and support levels. The crypto price had a high point of $5.10, which started the downtrend. The price broke primary support levels before rallying.

Related Reading: Bitcoin Price Drops As U.S. Inflation Remains Elevated

What Is Next For Cosmos Price?

Cosmos (ATOM) price had a recent high of $5.10 on 23rd February at 10:00 UTC. The price faced strong resistance at this level and failed to break through, leading to a decline. By 14:30 UTC, ATOM had dropped to $4.90, indicating selling pressure.

On 24th February at 12:00 UTC, ATOM was trading in a falling channel, with the price breaking below $4.80 to confirm the downtrend. An attempt to breakout at $4.75 was rejected, further decreasing the crypto.

ATOM reached a low of $4.50 on February 25 at 09:45 UTC before a slight recovery to $4.65. However, selling pressure persisted, and by 16:30 UTC, the price was back down to $4.40.

By February 26 at 11:00 UTC, ATOM had found temporary support around $4.30. The initial attempt to recover to $4.50 was rejected at the resistance level, keeping the price in a range-bound structure.

At 07:20 UTC on February 27, ATOM broke through the $4.50 resistance and rose to $4.75 by 14:30 UTC. However, it faced selling pressure at the crucial resistance level of around $4.80, leading to a pullback.

At 05:40 UTC on 28th February, ATOM dropped back to $4.30 but quickly recovered, forming a bullish pattern. Buyers pushed the price back above $4.50, attempting a breakout above the previous resistance. The RSI is at 50-60, which indicates weak bullish strength, while the MACD shows a bullish crossover, which could mean an upward movement.

Cosmos price today is $4.5184, showing a 0.09% increase over the past 24 hours.

ATOM price chart for 1st March 2025

Cosmos’s recent price was trading around $4.55 on 1st March at 03:00 UTC, showing early signs of a bullish trend continuation. The crypto tested the $4.60 resistance at 08:30 UTC, with buyers attempting to push the price higher.

At 12:40 UTC, Cosmos’s recent price broke towards $4.70, reflecting the bullish sentiment. If the price can hold at $4.65, a rally to $4.80 and even $5.00 can be anticipated. But if ATOM is rejected at $4.70, it might drop back to $4.50, testing support before attempting another breakout.

Top Cryptocurrency Prices Today: BTC Price Remains Above $50,000 As U.S. Inflation Remains Elevated

In other crypto news, Bitcoin price today remains above the $50,000 mark despite a slight setback in the past 24 hours. The crypto market leader faced rejection at the $52,000 resistance on Friday, leading to a return towards the $50,000 support.

As of 07:00 ET (11:00 GMT), Bitcoin was trading at $50,448, showing a 0.09% increase over the past 24 hours. The world’s leading cryptocurrency is now trading at a crucial support level of $50,000, with the next resistance at $52,000.

The post Cosmos Price Analysis: Will ATOM Trend Higher After Pivotal Breakout? appeared first on Benzinga.