Chart of the week: ATOM gears for double-digit gains with staking support

Bitcoin and the crypto market were hit by a price correction in response to the U.S. President Donald Trump’s tariff announcements on Liberation Day. Cosmos’s token ATOM defied the trend with nearly 10% gains on the day. ATOM could extend the rally by double-digits in the coming week.

ATOM atom3.18%Cosmos Hub, the native crypto token of the Cosmos network, gained nearly 10% on the day. The token could gain from key catalysts like higher utility and adoption of the underlying blockchain, and bullish on-chain metrics. 

ATOM above key support at $5, and technical indicators on the daily price chart show likelihood of further gains in the token. Both RSI and MACD signal an underlying bullish momentum in ATOM price trend.