Based on the provided chart of ATOM/USDT, here's a detailed technical and fundamental analysis in En
The chart shows a "Cup and Handle" formation — a bullish reversal pattern.
The cup appears well-formed and the handle (recent pullback) is visible.
Breakout level is clearly marked near $5.50 (First TP area).
2. Support and Resistance:
Current Price: $4.83
Immediate Support: $4.50 zone (grey shaded area)
Resistance/Breakout Zone: $5.50
Targets:
First TP: $5.497
Second TP: ~$6.70 (based on the height of the cup pattern)
3. RSI Indicator (Bottom of Chart):
RSI is around neutral levels (not overbought or oversold), giving room for upward movement.
4. Volume:
Recent price spike came with volume support (check 24h Vol: ~985,508 ATOM), indicating strength behind the move.
📊 Fundamental Analysis of ATOM (Cosmos)
1. Project Purpose:
Cosmos (ATOM) is a decentralized network of independent parallel blockchains, each powered by BFT consensus algorithms. It enables interoperability between different blockchains.
2. Key Drivers:
Interoperability narrative: As demand grows for cross-chain communication, Cosmos could benefit.
IBC Protocol Adoption: More blockchains adopting Cosmos' Inter-Blockchain Communication (IBC) protocol.
Staking & Governance: High staking rewards make it attractive for long-term holders.
3. Recent Developments (as of mid-2025):
Cosmos Hub updates or new chain integrations can significantly boost ATOM's value.
Any collaboration with larger ecosystems like Ethereum, Polkadot, or Celestia may attract investor attention.
(DOYR)