ATOM today news: whales accumulate but price drops — technicals point to further weakness

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Cosmos slides 8.14% today to $2.70

Highlights

Large wallet investors have significantly increased ATOM accumulation, as observed by a notable rise in whale activity and spot buying, per CryptoQuant data.
Heightened demand in the derivatives market has driven higher futures Open Interest and larger average order sizes for Cosmos ATOM contracts.
A new partnership within the Cosmos ecosystem has sparked renewed interest from major investors, further supporting positive market flows.

Whale accumulation rises as derivatives demand and partnerships boost flows

Increased activity from large wallet investors has been a primary factor driving recent changes for Cosmos, as demand in the derivatives market has resulted in higher futures Open Interest and larger average order sizes for ATOM contracts. Data from CryptoQuant confirms a notable uptick in whale accumulation, with spot buying also contributing to stronger flows. A new partnership within the Cosmos ecosystem has further supported renewed interest from major investors.

Seller pressure persists as momentum weak and oversold signals build

Momentum for ATOM remains decisively bearish, with MACD and ADX on the daily chart signaling strong downside pressure and a clear seller-driven trend. The Stoch RSI and shorter timeframe measures are beginning to show oversold readings, yet the daily RSI at 42 and a neutral CCI indicate there is still room for additional declines before conditions are considered extreme. Bull/Bear Power (BBP) points to ongoing buyer stabilization attempts, but intraday action remains dominated by sellers. After a sharp drop at the open, the price is holding near session lows amid high volatility, with short-term oscillators showing slight divergence as stabilization is attempted.

Downside risk elevated as technicals favor continued consolidation

The expected trading range for ATOM over the next five days is set at $2.45–$2.75, with adjustments made to account for ongoing volatility. The probability of a significant move higher is very low, estimated at less than 20%, while further downside is more likely based on prevailing bearish signals on both weekly and daily technical indicators. The baseline scenario anticipates consolidation between $2.45 and $2.75; a bullish reversal would require a breakout above $2.82, which appears unlikely in the current environment. The primary risk remains to the downside, with a potential breach of $2.45 if selling momentum persists.

Viktoras Karapetjanc, expert at Traders Union, sees the technical setup for Cosmos (ATOM) as clearly bearish for now. He notes that increased whale activity and fresh partnerships are positive, but price action remains weak below all key moving averages. Analyst points out that momentum signals still favor sellers, even as some flows hint at potential stabilization. Karapetjanc believes patience is required before expecting any bullish reversal. "I see institutional interest returning, but until ATOM regains $2.82, the short-term outlook stays defensive."

Previously it was noted that Cosmos strengthened its ecosystem leadership by appointing Jason Zhao, a blockchain and AI specialist, to guide innovation and AI strategy. Last time we reported that sellers retain control and the prevailing downtrend.

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.