ATOM Finally Wakes Up From Its February Nap, Whales Already Hoarding SATs Like It's 2021

ATOM, the native token of Cosmos, might be close to ending its prolonged bearish trend since 18 February 2025. Thanks to a 5.25% price hike over the last 24 hours, ATOM broke out of a narrow range, opening the door for a potential move on the charts. Trading volume surged 13.22% over the same period, suggesting market participants are showing greater interest in ATOM's prevailing trend. Looks like someone finally remembered ATOM exists.

Data revealed that following its recent gains, ATOM officially outperformed Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL) over the aforementioned period. In the grand tradition of altcoin seasons, the sleeping giant briefly opened one eye, checked the leaderboard, and said "nice try, kids." A glorious 24 hours for ATOM degens who've been rugged for what feels like forever.

On the daily chart, the near-term bias appeared bullish at press time, especially after breaking out of a falling wedge pattern with a large green engulfing candle. However, the price still needs to close a daily candle above the pattern to confirm the breakout. Otherwise, it may turn out to be a fakeout. Classic crypto – green candle, everyone's hyping, then reality hits. We've seen this movie before.

If ATOM closes its daily candle above the $1.77-level, it could see a price jump of over 15% and reach the next resistance at $1.98. A breakout above this resistance could trigger another 20% rally, potentially pushing the price towards the $2.40-level. The holy trinity of resistance levels: $1.77, $1.98, and the dream of $2.40. Path to riches or path to disappointment? Place your bets, degens.

This bearish thesis could be invalidated if ATOM's price fails to close a daily candle above the $1.77-level. The moment of truth: green candle, close above $1.77, and we feast. Or back to sleeping with the fishes. No pressure.

At the time of writing, the technical indicator Average Directional Index (ADX) had fallen to 16.16, below the key threshold of 25, hinting at weak momentum accompanying ATOM's price. ADX saying "meh" while price says "maybe." Not exactly the confidence boost we were looking for, but in crypto, momentum is a fickle mistress anyway.

Analytics platform Nansen revealed