🚨 On the weekly chart, #ATOM had formed an ascending triangle pattern, which broke to the downside a few weeks ago. Currently, the price is retesting the lower boundary of the triangle (blue line). If it reclaims this level, the yellow line will be the next potential resistance.

✍️ The ascending triangle is typically a continuation pattern; a successful retest after a breakdown may indicate a potential reversal back into the structure.

✍️ The price is currently testing the Fibonacci 0.618 support zone, which could act as a strong pivot for bullish momentum.

✍️ Volume spikes were observed during key levels, confirming the significance of the current price area.

💡 What is Cosmos ( #ATOM )?

Cosmos is designed to be the “internet of blockchains,” enabling different blockchains to interoperate in a scalable and decentralized way.

Its native token, ATOM, is used for transaction fees, staking, governance, and validator incentives.

Cosmos SDK and the IBC (Inter-Blockchain Communication) protocol enable seamless cross-chain communication, supporting use cases in DeFi, gaming, supply chains, and more.

Staking ATOM yields approximately 9–15% annually, and Cosmos’ modular architecture allows developers to easily launch custom blockchains tailored to specific needs.

‼️ This is not investment advice.

#ATOM #Cosmos #TechnicalAnalysis #Altcoin #Crypto #DeFi