Key Takeaways
-
ATOM is up over 6% today and 17% on the week, with price bouncing from the $1.65 support, signaling improving short-term momentum.
-
The daily chart shows a Shark harmonic pattern, pointing to potential upside toward the $3.02–$3.35 zone if ATOM reclaims the 100-day moving average near $2.29.
-
Bulls must hold the $2.00 level to keep this setup intact — a breakdown below could weaken the bullish outlook.
ATOM, the native token of the Cosmos ecosystem (often called the Internet of Blockchains), is showing encouraging signs of strength despite recent market volatility. The token is up more than 6% today and has extended its weekly rally to around 17%, standing out as one of the stronger performers while Bitcoin and Ethereum cool off.
Source: Coinmarketcap
More importantly, ATOM’s daily chart is now flashing a well-known harmonic setup that could open the door for further upside in the near term.
Technical Patterns Hint at Upside Momentum
From a technical perspective, ATOM is currently forming a Bearish Shark harmonic pattern on the daily timeframe.
While this pattern is typically associated with a potential reversal once fully completed, it often allows for a short-term bullish continuation as price moves toward the final “C” leg — and that’s exactly what seems to be unfolding now.
Cosmos (ATOM) Daily Chart/Coinsprobe (Source: Tradingview)
Here’s what stands out on the chart:
-
The O–X–A–B structure has already completed.
-
Price found solid support near the B-point around $1.65, triggering a sharp bounce.
-
ATOM is now trading near $2.28, showing early stabilization after the recent sell-off.
-
Price is consolidating just below the 100-day moving average (~$2.29) — a level that’s acting as immediate resistance.
A clean reclaim of this 100-day MA would be an important technical confirmation and could flip this zone into new support, strengthening the bullish case.
What’s Next for ATOM?
Based on the harmonic structure visible on the chart, ATOM is projected to advance toward the $3.02–$3.35 zone, which represents the Potential Reversal Zone (PRZ) of the Shark pattern.
These targets line up closely with:
If momentum continues and broader market conditions remain supportive, ATOM could be setting up for a move of roughly 40–45% from current levels.
That said, bulls still have work to do.
On the downside, the $2.00 area is the key level to watch. As long as buyers defend this zone, the harmonic structure remains valid and the upside scenario stays in play. A sustained drop below $2.00 would weaken the setup and could delay any further recovery.
Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
About Author: Nilesh Hembade is the Founder and Lead Author of Coinsprobe, with over 5 years of experience in the cryptocurrency and blockchain industry. Since launching Coinsprobe in 2023, he has been providing daily, research-driven insights through in-depth market analysis, on-chain data, and technical research.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bit Digital CEO: Ethereum has stabilized in the $1800–$2100 range, and the recent pullback is more like a "value reset"
Bit Digital CEO Sam Tabar stated that recent Ethereum market conditions resemble a "value reset," with market leverage rapidly re-evaluating after a significant increase, leading to increased volatility. Currently, the price remains stable in the $1800 to $2100 range, with fundamentals unchanged. This event demonstrates how leverage can distort the market, but Ethereum's long-term value remains solid.
GateNews1m ago
Crypto and Finance Experts Draw Attention to Business Cycle, Expect Explosive Crypto Price Action
Crypto and finance experts draw attention to business cycle.
Experts expect explosive crypto price action soon.
The price of BTC could dip further, but long-term looks highly bullish.
The current state of the crypto market seems to be heading towards a bullish setup. Over the last few m
CryptoNewsLand37m ago
BTC short-term decline of 0.76%: key price levels encountering resistance and long leverage liquidations triggering market sell-off
On March 5, 2026, from 14:30 to 14:45 (UTC), Bitcoin (BTC) experienced a short-term decline, with a return of -0.76%. The price ranged between 71,958.3 and 72,830.0 USDT, with an amplitude of 1.20%. Market attention significantly increased, and during the event window, trading volume expanded, volatility intensified, and price anomalies attracted many investors' focus on short-term risks and future trends.
The main driver of this anomaly was BTC encountering resistance in the key price zone of $73,750–$74,400. Historical data shows that this zone has repeatedly acted as a...
GateNews46m ago
Bitcoin: Real-Time Sentiment Gauge for Weekend Warmongering
The article analyzes Bitcoin's real-time sentiment as a gauge during weekend market fluctuations, emphasizing its role in reflecting broader economic trends and investor behavior in the crypto landscape.
CryptoBreaking48m ago
Ripple CTO Emeritus Shares Candid Truth about XRP and Crypto Market - U.Today
David Schwartz, former Ripple CTO, expressed mixed feelings about XRP's performance, reflecting broader crypto market sentiment. Despite recent struggles for altcoins, XRP showed signs of a potential recovery with a newly formed "golden cross" on its price chart, although market conditions remain cautious.
UToday1h ago
When the Asia-Pacific stock markets hit the circuit breaker, why does Bitcoin stand out as the best?
Author: Jae, PANews
On March 4th, as the situation in the Middle East suddenly worsened, global financial markets instantly entered a "wartime state." For global investors, this was a trading day worthy of being recorded in history.
Disruption of shipping through the Strait of Hormuz, a critical energy choke point, triggered a sharp surge in international oil prices. Panic quickly swept through traditional capital markets, and Asia-Pacific stock markets experienced an epic sell-off.
KOSPI in South Korea plummeted 12% in a single day, marking the largest decline in history; the Nikkei 225 dropped 3.7%, its worst performance in five months; Middle Eastern local stock markets once tumbled nearly 5% amid a correction; major European and American stock indices closed lower across the board.
However, an unusual phenomenon quietly emerged amid this sell-off.
The crypto market, often regarded as "high risk, high volatility," which tends to be the first asset class to collapse during any geopolitical crisis, surprisingly held steady this time.
Bitcoin experienced a brief panic
区块客1h ago
