ATOM Surges 5% Before Forming Bearish Head-and-Shoulders Pattern
Cosmos (ATOM) experienced a notable 5% rally today, reaching an intraday high of $4.52. However, technical analysis indicates the formation of a bearish head-and-shoulders pattern, suggesting a potential trend reversal.
📉 Key Levels to Watch:
- Neckline Support: Approximately $4.30
- Resistance: Around $4.55
A confirmed breakdown below the neckline could target a decline to $3.80. Traders should monitor volume and price action closely for confirmation.
📊 ATOM Price Snapshot:
