Cosmos slides toward support with no bullish divergence in sight: weekly analysis

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Cosmos falls 8.35% this week

Highlights

ATOM remains under strong bearish pressure, with price trading below key moving averages and showing no signs of reversal.
Momentum indicators such as MACD, ADX, RSI, and others all confirm sellers are in control and downside persists.
Baseline scenario favors sideways movement in the $1.75 to $1.89 range with any upside break above $1.89 unlikely and further losses likely if $1.75 support fails.

Bearish momentum extended this week as indicators show no reversal

ATOM continues to trade below its key weekly moving averages, with the MA-20 ($1.8896) as the nearest dynamic resistance and the MA-50 ($2.8119) and MA-200 ($7.0464) reinforcing the broader downtrend. Weekly chart indicators remain firmly bearish: the MACD and ADX show strong downward momentum, Bull/Bear Power favors sellers, and the Awesome Oscillator holds a neutral stance but does not contradict the negative bias. RSI and Stochastic RSI are positioned in neutral to sell territory with no oversold bounce, while CCI also leans lower. With volatility at 13.77%, price remains anchored at support, lacking any bullish divergence.

Sideways bias and downside risk expected in coming week amid weak signals

Based on the weekly technical picture, the expected trading range for ATOM over the next 7 days is $1.75 to $1.89. There is a low probability of a significant upward move, as none of the four primary weekly indicators suggests a buying opportunity. The baseline scenario points to sideways price action as the market consolidates near support. Only a sustained break above $1.89 would signal a possible shift toward recovery, while a close below $1.75 could open the door for further losses.

Anton Kharitonov, expert at Traders Union, sees no let-up in downward momentum for ATOM this week. The coin remains deeply entrenched below all major weekly technical levels after another strong sell-off. He notes that sellers are in full control, as confirmed by the MACD, ADX, and bearish weekly oscillators. No bullish divergence has formed, and price action is trapped at the bottom of its range. Kharitonov maintains a critical attitude to any recovery scenario until price regains at least the $1.89 level. "As long as ATOM trades beneath its key moving averages and $1.89, I see little reason to expect a sustained bounce this week."

Earlier, analysts noted that Cosmos was facing persistent bearish momentum amid operational stagnation and diminished network demand. The continuation of these trends on the weekly timeframe reinforces the prevailing downside scenario, making a sustained breakdown below $1.75 a key risk to monitor in the upcoming sessions.

Source of Data: ATOM Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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