ATOM, the native token of Cosmos, might be close to ending its prolonged bearish trend, one it has followed since 18 February 2025. In fact, thanks to a 5.25% price hike over the last 24 hours, ATOM broke out of a narrow range, opening the door for a massive move on the charts.
ATOM’s trading volume surged notably by 13.22% over the same period too. This suggested that market participants may be showing greater interest in ATOM’s prevailing market trend.
Data further revealed that following its most recent gains ATOM officially outperformed major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL) over the aforementioned period.
Is another potential 15% jump in the offing?
On the daily chart, the near-term bias for ATOM appeared bullish at press time. Especially after it broke out of a falling wedge pattern with a large green engulfing candle.
However, the price still needs to close a daily candle above the pattern to confirm the breakout. Otherwise, it may turn out to be a fakeout instead.
If ATOM closes its daily candle above the $1.77-level, it could see a price jump of over 15% and may reach the next resistance at $1.98. A breakout above this resistance could trigger another 20% rally, potentially pushing the price towards the $2.40-level.
However, this bullish thesis could be invalidated if ATOM’s price fails to close a daily candle above the $1.77-level.
At the time of writing, the technical indicator Average Directional Index (ADX) had fallen to 16.16, below the key threshold of 25. This hinted at weak momentum accompanying ATOM’s price.
Investors and traders’ sentiment turns bullish!
A look at analytics platform Nansen also revealed that the top 100 addresses may have already anticipated a move on ATOM’s price charts. Especially since they increased their holdings by 2.96% over the past few weeks alone.
According to Coinglass, there has been significant interest among traders for ATOM too, with many now expecting the price to continue rising.
As far as ATOM’s exchange liquidation map is concerned, traders seemed to be highly active around the $1.61-level on the lower side (support) and $1.78 on the upper side (resistance). At these levels, they built $927.09K worth of long leveraged positions and $274.79K worth of short leveraged positions.
This suggested that bulls have been betting on further upside, while bears could just be exhausted.
Finally, ATOM’s Open Interest (OI) increased by 3.57% to $124.82 million – A sign of rising trader participation and growing confidence in the altcoin’s momentum.
Final Summary
- ATOM broke out of a bullish pattern, with the price action hinting at another 15% rally.
- Top 100 addresses increased their holdings, with many traders now betting on long positions.
Chandan Gupta
JournalistChandan Gupta is is a seasoned crypto analyst with over four years of experience in market research and trading. He specializes in simplifying complex on-chain data to uncover the strategies of crypto whales and major market participants. Alongside on-chain analysis, he breaks down price charts and liquidity movements to deliver clear, actionable insights.
