As of January 16, 2025, Cosmos (ATOM) is trading at $6.72. 

Technical indicators suggest a bearish outlook for ATOM in the short term. TradingView’s analysis rates ATOM/USDT as a “strong sell,” with both oscillators and moving averages supporting this sentiment.  Similarly, Investing.com’s technical analysis aligns with a “strong sell” recommendation. 

Given these analyses, a short position may be considered. However, it’s crucial to conduct thorough research and assess your risk tolerance before making any trading decisions.$ATOM