🚀 Cosmos ($ATOM ) Surprises with 11% Increase - But the $3 Mark Still Represents "Pain"! Why? 🤔
You guys holding ATOM are probably happy about the recent 11% pump, pushing the price above $3.00. But don't celebrate too soon, experts warn that this is still an extremely sensitive area. Here are the reasons why $3 is considered a "hot point":
1️⃣ Thick Technical Barrier: Even though it has surpassed $3, just above are numerous strong resistances (like the 50-day EMA at $3.21 and the supply zone around $3.50). If it can't hold above $3, the price could slide back down to the old bottom of $2.34. 📉
2️⃣ Ecosystem is "Bleeding": The bad news is that many projects in the Cosmos ecosystem (like Evmos, Comdex, Stride) have halted operations or encountered difficulties recently, reducing DeFi activity and investor confidence. 📉
3️⃣ Thin Liquidity: After the crash in October, the liquidity of altcoins remains very weak. This makes the price highly volatile (both up and down) with just a small amount of orders.
4️⃣ Bright Spot from "Whales": 🐳 Data shows that "whales" are placing large orders in the derivatives market (Futures), pushing Open Interest up nearly 10%. It seems the big players are hoping for a recovery, but the risks are still very high.
👉 In summary: ATOM is trying to break the downtrend, but it needs to hold above $3 and overcome the internal "drama" of the ecosystem to hope for a sustainable uptrend.
What do you think? Will ATOM continue to rise or will it "turn back"? Comment below! 👇
#Cosmos #ATOM #Trading #Analysis
