Cosmos (ATOM) price hovers around $2.41, slightly off the highs of $2.50 reached on Wednesday. With bulls eyeing further gains above a key downtrend line, a break could be on the cards. Overall market conditions will dictate the next moves. However, support for a bullish setup, bolstered by fundamental strength, currently suggests buyers hold the advantage. ATOM price signals uptick Cosmos token’s on-chain data suggest a largely bullish sentiment. This is despite the ATOM price flipping lower from the $2.50 resistance zone. Bulls hit highs of $2.54 earlier in the day. A dip across the altcoin market, coming amid Bitcoin’s crash from $95,000 to around $92,000 , sees ATOM price down nearly 3% in the past 24 hours. Notably, the altcoin has moved off the lows of $1.85 reached in December 2025. Bulls have also retested $2.39 as a demand reload zone – advances that signal an overall positive outlook. In the past week, Cosmos is up 22% and it’s 10% up this past month. Given ATOM’s on-chain metrics do indicate a slight buildup of sell pressure. The futures markets are also signaling a dip in confidence. Per Coinglass data, the open interest weighted funding rate data shows a flip to -0.0061. Earlier, as prices rose, the data showed bullish bets outpacing bearish ones, with the metric reading 0.0068%. Cosmos token’s price has previously surged when the OI-weighted funding rate flips green. ATOM’s funding rate chart by Coinglass Cosmos price prediction: Can bulls strengthen above $2.50? The daily chart shows Cosmos has its native token trading higher after breaking above the resistance line of a falling parallel channel. As the breakout shows, bulls held above the pattern’s middle line since November 8, 2025, and piercing the supply wall at $2.08 has allowed the price to trend above the 50 simple moving average. If buyers hold above the upper trendline of the channel, they could eye the next resistance level at $3.65. Accumulation in this region, with weaker hands exiting, might bring the $5.00-$5.50 zone into view. ATOM price chart by TradingView Currently, the Relative Strength Index (RSI) reads 61, off the overbought territory but downsloping. This suggests immediate-term correction may see sellers take an upper hand. However, the potential for a reversal holds, helped by the Moving Average Convergence Divergence (MACD) indicator. On the daily chart, the indicator shows a bullish crossover, with its histogram bars increasing. The above is a bullish outlook for the Cosmos price. If ATOM fails to hold above $2.30, a close below $2.20 could bring fresh declines into play. Primary support remains at $2.00, with $1.80 the next key level. The token traded at highs of $7.45 in January last year, and the downside since has price hovering about 67% off this peak. All-time, Cosmos price hit $44.70 in September 2021. The post Cosmos price forecast: ATOM retests key level above $2.50 appeared first on Invezz
