Cosmos (ATOM) To Rise Higher? Key Pattern Signals Potential Upside Move

Key Takeaways

• ATOM is up over 6% today and 17% on the week, with price bouncing from the $1.65 support, signaling improving short-term momentum.

• The daily chart shows a Shark harmonic pattern, pointing to potential upside toward the $3.02–$3.35 zone if ATOM reclaims the 100-day moving average near $2.29.

• Bulls must hold the $2.00 level to keep this setup intact — a breakdown below could weaken the bullish outlook.

ATOM, the native token of the Cosmos ecosystem (often called the Internet of Blockchains), is showing encouraging signs of strength despite recent market volatility. The token is up more than 6% today and has extended its weekly rally to around 17%, standing out as one of the stronger performers while Bitcoin and Ethereum cool off.

Source: Coinmarketcap

More importantly, ATOM’s daily chart is now flashing a well-known harmonic setup that could open the door for further upside in the near term.

Technical Patterns Hint at Upside Momentum

From a technical perspective, ATOM is currently forming a Bearish Shark harmonic pattern on the daily timeframe.

While this pattern is typically associated with a potential reversal once fully completed, it often allows for a short-term bullish continuation as price moves toward the final “C” leg — and that’s exactly what seems to be unfolding now.

Cosmos (ATOM) Daily Chart/Coinsprobe (Source: Tradingview)

Here’s what stands out on the chart:

• The O–X–A–B structure has already completed.

• Price found solid support near the B-point around $1.65, triggering a sharp bounce.

• ATOM is now trading near $2.28, showing early stabilization after the recent sell-off.

• Price is consolidating just below the 100-day moving average (~$2.29) — a level that’s acting as immediate resistance.

A clean reclaim of this 100-day MA would be an important technical confirmation and could flip this zone into new support, strengthening the bullish case.

What’s Next for ATOM?

Based on the harmonic structure visible on the chart, ATOM is projected to advance toward the $3.02–$3.35 zone, which represents the Potential Reversal Zone (PRZ) of the Shark pattern.

These targets line up closely with:

• 0.886 Fibonacci extension near $3.02

• 1.13 Fibonacci extension near $3.35

If momentum continues and broader market conditions remain supportive, ATOM could be setting up for a move of roughly 40–45% from current levels.

That said, bulls still have work to do.

On the downside, the $2.00 area is the key level to watch. As long as buyers defend this zone, the harmonic structure remains valid and the upside scenario stays in play. A sustained drop below $2.00 would weaken the setup and could delay any further recovery.

Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.

About Author: Nilesh Hembade is the Founder and Lead Author of Coinsprobe, with over 5 years of experience in the cryptocurrency and blockchain industry. Since launching Coinsprobe in 2023, he has been providing daily, research-driven insights through in-depth market analysis, on-chain data, and technical research.