- \n
- Cosmos price traded around $2.23 on Monday,<\/li>\n
- Bulls eye a rebound to above $3 despite broader crypto market losses.<\/li>\n
- A key bullish pattern signals the potential for an upside continuation.<\/li>\n<\/ul>\n
Cosmos (ATOM) faces continued sell-off pressure as overall sentiment threatens a sharper correction for altcoins.<\/p>\n
This is due to seller dominance as Bitcoin retests $65,000 amid macroeconomic pressures.<\/p>\n
However, while the latest downturn has seen bulls fail to decisively test sellers above $2.50, a potential double bottom formation suggests the altcoin could soon explode to a multi-month high.<\/p>\n
ATOM price today<\/h2>\n
As of February 23, 2026, Cosmos<\/strong> (ATOM) was trading near $2.23, with 24-hour trading volume of about $54 million, up 31%, signalling increased buying interest.<\/p>\n
However, broader losses across the cryptocurrency market over the past day have allowed sellers to regain some ground following ATOM\u2019s spike to $2.50 on February 18.<\/p>\n
While the token has recovered from lows near $1.70, the rebound remains modest compared with previous peaks near $12 in late 2024 and above $6.00 in mid-2025.<\/p>\n
The prolonged downtrend across most altcoins in 2026 continues to pose downside risks, with further weakness likely unless buyers defend key support levels and establish new demand zones.<\/p>\n
Cosmos price forecast<\/h2>\n
The Cosmos price shows recovery potential amid a decent bounce from year-to-date lows near $1.70.<\/p>\n
Although an overall negative trend in cryptocurrencies could see Cosmos descend into a deeper drawdown, the opposite suggests a rally past $3.00-$3.50 towards pre-October 2025 crash highs.<\/p>\n
The area around $2.50 and $3.00 portends a potential supply\u2011wall risk.<\/p>\n
However, with prices bouncing off recent lows, analysts point to a key technical pattern emerging.<\/p>\n
A double bottom is a bullish reversal chart pattern formation that outlines two key support levels in a downtrend.<\/p>\n
Typically, this pattern forms after a sharp sell-off to a certain low, with prices rebounding before revisiting the zone.<\/p>\n
A neckline formation acts as resistance, and in the case of ATOM, this crucial supply zone lies around $2.70.<\/p>\n
![\"Cosmos](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/02\/atom-chart.png\")
Cosmos price chart<\/a> by TradingView<\/figcaption><\/figure>\n In the short\u2011term, Cosmos could test resistance at the neckline and the $3.13\u2013$3.25 zone.<\/p>\n
Should bullish momentum hold amid a broader market upturn, the next major resistance levels would be around $4.50-$6.00.<\/p>\n
If ATOM continues to struggle alongside Bitcoin and other altcoins, failure to hold above $2.00 could spell danger for buyers.<\/p>\n
The next demand reload area below the Feb. 6 lows lies around $1.20.<\/p>\n
This outlook could gain momentum if the RSI flips below the 50 mark and the daily MACD turns bearish.<\/p>\n
Prices falling below the Bollinger Bands middle line could also signal fresh weakness.<\/p>\n
As noted, the opposite, with the double-bottom pattern, confirms that bulls have the upper hand.<\/p>\n