ATOM drops as heavy selling keeps price near daily lows

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Cosmos drops 9.58% to $1.84 today

Highlights

Anseta joined the Cosmos partner network to support digital asset projects and advance tokenization strategies.
The integration may lead to expanded applications within the Cosmos blockchain ecosystem as development activity continues.
ATOM trades below key short- and medium-term moving averages, showing strong bearish momentum with a projected range of $1.742613 to $1.939387 over the next sessions.

Development push as Anseta partnership expands Cosmos ecosystem activity

Anseta has joined the Cosmos partner network to enhance support for digital asset initiatives and drive tokenization strategies, as reported by Tokenpost. This addition could expand the Cosmos ecosystem and enable new applications on its Blockchain. The move highlights ongoing development activity within the network, though price action has remained under broader selling pressure.

Downside momentum holds as resistance, seller dominance, and volatility persist

ATOM/USD is trading below the MA-20 at $1.904 and the MA-50 at $1.93592 on the one-hour chart, while still holding above the MA-200 on the daily timeframe at $1.706405. The Ichimoku Kijun on the daily chart is positioned at $1.9415, which represents immediate resistance. Momentum signals remain soft overall: MACD is in Sell, ADX is Neutral, RSI is at 39 (Sell), and CCI shows Oversold conditions. Both Stochastic RSI and Awesome Oscillator are Neutral, while Bull/Bear Power confirms intraday seller dominance, especially in conjunction with high volatility and price sitting near the daily low.

Bearish bias persists as volatility drives range-bound outlook

In the short term, trading is expected to remain volatile with a likely range between $1.742613 and $1.939387 for the next two to three sessions. The probability estimate suggests a 21% chance of an upside move, while the downside scenario remains dominant at 79%. Price action is likely to fluctuate within this band, with an upside scenario contingent on a break above $1.9415, whereas a bearish continuation would see support tested below $1.742613.

Viktoras Karapetjanc, expert at Traders Union, sees the Cosmos ecosystem expanding fundamentally through strategic new partnerships like Anseta. He notes that market sentiment remains negative in the short term, with persistent selling despite ongoing development. Karapetjanc remains constructive on the project’s long-term potential as fundamentals continue to improve. In his words: “Continued network growth positions Cosmos well for future upside once market conditions stabilize.”

Earlier, analysts noted that Cosmos was showing strong upward momentum, though overbought signals raised the risk of a pullback. With the current break below short- and medium-term moving averages and momentum indicators remaining weak, traders should watch for a possible retest of support below $1.742613 if selling pressure persists.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.