As of early February 2026, Cosmos
$ATOM is trading around $1.94–$1.98, showing3.07% growth in 24 hours after hitting an oversold 7-day RSI. While the long-term trend remains in a downward channel, recent technical rebounds and positive sentiment surrounding potential enterprise adoption via Nubank suggest a short-term recovery, with targets near $2.29, despite strong bearish pressure.
Technical Analysis (As of Feb 3, 2026)
Price Action: Trading between $1.87 and $2.00 in the last 24 hours, stabilizing after a ~13% drop over the previous week.
Key Resistance/Support: Resistance is seen near $2.05 (Fibonacci level), with support required around $1.87 to avoid further downward pressure.
Indicators: The 7-day RSI hit as low as 15.37, indicating deep oversold conditions which triggered a bounce. The 200-day EMA ($3.12) acts as long-term resistance.
Market Sentiment: Mixed. The MACD indicates bearish momentum (-0.055), but the asset is in a "prove-it" phase, trading on speculation of a tokenomics overhaul.
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