Cosmos Price Prediction: ATOM eyes 30% rally after successful breakout
Source Fxstreet
- Cosmos price recorded a downtrend break, followed by a breakout and subsequent retest of the $11.22 key level.
- ATOM could extend to the top of the range at $17.19 for a 30% swing trade.
- A break and close below $10.00 psychological level would produce a lower low, invalidating the bullish thesis.
Cosmos (ATOM), which set out to make blockchain technology less complex for developers with its modular framework that demystifies decentralized apps, could be the next token to rally as meme coins and g AI crypto coins surge.
Also Read: Cosmos price likely to bounce 10% as ATOM overcomes key resistance
Cosmos price confirms breakout
Cosmos (ATOM) price escaped the confines of a descending parallel channel on February 27, but the move proved premature on the three-day time frame. However, a subsequent move on March 1 materialized as the ATOM price managed to close above the channel.
With the March 4 retest on the 3-day chart below, Cosmos price could finally be ready for an extended move north, with the next possible stop being the top of the range at $17.19, levels last seen in September of 2022. Such a move would constitute a 30% climb above current levels.
The volume indicator shows large bars, suggesting a strengthening price trend. The northbound Relative Strength Index (RSI) also points to rising momentum, increasing the odds for further upside.
In a highly bullish case, Cosmos price could clear the $17.19 blockade, potentially extending to hit the $20.00 psychological level. This would denote a 50% climb above current levels.
ATOM/USDT 3-day chart
On the flip side, a rejection from the $13.16 roadblock could see Cosmos price retract, potentially retesting the $11.22 support. An extended fall could see ATOM price slip below the $10.00 psychological level. A candlestick close below this level on the 3-day time frame would produce a lower low, potentially invalidating the bullish thesis.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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Bitcoin briefly loses 2025 gains as crypto plunges over the weekend.Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant.
The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year.
Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus.
Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses.
Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.
Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant.
The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year.
Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus.
Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses.
Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.
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Ethereum is trading near $3,150 and just 8% above a key $2,895 long-term holders’ cost basis, with on-chain flows, macro uncertainty and support around $3,000–$2,800 all shaping what comes next for ETH.
