Cosmos ($ATOM), one of the most well-known interoperability blockchain networks, is back in the spotlight with a significant price surge. Over the past 24 hours, the ATOM price has jumped 9.31%, bringing its price to $4.69, and market watchers are now pointing to strong technical patterns that may signal a larger breakout is coming.
According to CoinMarketCap, Cosmos has a market cap of $1.83 billion and $201.67 million in 24-hour volume, up nearly 28%. This latest pump has brought ATOM back to a critical technical zone—and traders are now watching closely for a breakout that could ignite a larger trend.
ATOM Coin Shows Inverse Head and Shoulders
Two well-followed technical analysts have identified a bullish inverse head and shoulders pattern on the ATOM price chart. This classic reversal pattern suggests a potential move higher once the “neckline” is broken.
World of Charts, an analyst with over 43k followers on X, explains that ATOM has already been up by 12% since their call and is approaching crucial neckline resistance. If this level is surpassed, the token could reach $10 soon.
Alice Crypto echoes this analysis, noting the same pattern and predicting a 70%+ move if volume sustains and the neckline is cleared.
Both analysts also highlight a clear downward-sloping trendline that has kept ATOM suppressed for months. That line is now being tested as ATOM coils just below it. If this resistance breaks, it could confirm a longer-term reversal.
Cosmos Price Levels to Watch
The current resistance zone for Cosmos is between $4.80 and $5.00. A break above $5.00 would signal a bullish trend.
The next level to watch is $6.50 to $7.00, which was a previous point of resistance where buyers might pause before moving higher. The target zone of $10.00 is based on an inverse head and shoulders pattern projection.
If ATOM’s price fails to surpass $5.00, traders might anticipate a minor retreat to the support level between $4.20 and $4.30 before trying to rise again.
Although the Cosmos ecosystem has faced stiff competition from newer Layer 1s and rollups, it remains relevant with projects like Osmosis, dYdX, and Secret Network relying on its infrastructure. Moreover, Cosmos has a strong developer base and continues to quietly ship tech in the background. As the crypto market turns risk-on again in 2025, such ecosystems may benefit.
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