While the broader cryptocurrency market has remained relatively subdued, Cosmos (ATOM) has begun to show signs of renewed buying interest, posting weekly gains approaching 20%. The token is currently trading around $2.22, holding slightly above the immediate support zone at $2.13, which has recently acted as a structural floor.

Cosmos (ATOM) technical analysis

ATOMUSD - 1 Day Time Frame

The $2.13 level now represents short-term support and is crucial for maintaining the current recovery attempt. Sustained trading above this zone suggests that buyers are defending the structure following February’s rebound.

To the upside, the first key hurdle lies at the $2.30 S/R level. This zone currently functions as resistance but previously acted as support in January 2026, giving it added technical weight. A decisive move above $2.30 would indicate strengthening momentum and a potential shift in short-term market structure.

Should ATOM establish acceptance above this S/R level, the next major upside objective appears near $2.63, where a broader resistance zone is positioned. This level capped price advances earlier in the year and represents a more significant supply area.

Cosmos (ATOM) price target

If buying activity continues and broader market conditions remain stable or improve, a break above $2.30 could open the path toward $2.63. A sustained move beyond that resistance would likely require stronger market-wide momentum and renewed capital inflows.

However, failure to maintain strength above the $2.13 support could weaken the recovery structure. In that case, ATOM may consolidate between support and the $2.30 S/R zone, or potentially revisit lower support areas around $1.90 and $1.80 if market volatility increases.

For now, price behavior around the $2.30 S/R level will likely determine whether ATOM’s recent rebound evolves into a broader recovery or transitions into another phase of consolidation.