ATOM crypto slips below $3.60 – Why traders eye $2 next
Key Takeaways
What’s the present worth outlook for ATOM?
ATOM was trending, stabilizing above the $3 mark after virtually crashing to just about zero, aligning with the broader market.
Can the value bounce again to earlier ranges?
The liquidity resting round earlier ranges for ATOM prompt merchants believed the altcoin may revisit.
Cosmos Hub [ATOM] was ranging across the $4 zone when the complete crypto market crashed.
The altcoin had been in a year-long downtrend since peaking above $10. Following a broader market crash, ATOM remained down by roughly 19% on the day, on the time of writing.
Whereas commerce conflict tensions performed a job, different elements additionally contributed to ATOM’s worth decline.
Why did ATOM costs crash to just about zero?
In keeping with a put up by Web3Vibes on X (previously Twitter), ATOM futures contracts on Binance have been quickly buying and selling at $0.
This exercise mirrored the shift within the Concern and Greed Index, which was at 35 at press time, indicating worry.
Supply: X
A couple of CT customers mocked the altcoin’s worth drop, additional eroding confidence in a bounce. Deandree wrote,
“Oh look, $ATOM lastly discovered the true honest worth, markets actually are environment friendly in any case.”
Moreover, ecosystem fragmentation performed a job, as new forks just like the Cosmos-based AtomeOne (ATONE) diverted liquidity away from the unique token.
The decline was additional compounded by a discount in staking rewards, which dropped from 20% in early 2025 to 11.84%.
Worth evaluation and prediction
On the charts, ATOM had wiped the lows beneath the vary, across the $4 stage. The RSI supported this outlook, as its worth studying of 32, at press time, indicated oversold circumstances.
A reclaim of the damaged $3.60 stage might be a sign for an additional rise towards $4, earlier buying and selling ranges earlier than the crash.
This was seen within the capital influx that took the value rapidly again above $3. The Cash Movement Index (MFI) was at 61, suggesting capital influx.
Supply: TradingView
The alternative is also true, particularly now that some merchants are skeptical in regards to the true worth of the altcoin. Huge capital was wanted, together with a return to earlier capitalization practices, to revive confidence.
Liquidation ranges counsel…
The liquidation heatmap on the each day chart confirmed that there have been nonetheless merchants betting on one other slight dip beneath $2. The liquidation leverage of over $3 million in ATOM was noticed at a worth of roughly $2.78.
Supply: TradingView
Alternatively, there have been clusters of liquidity round $4, which was its valuation earlier than the crash. The degrees stood as the following targets in case ATOM worth rebounded alongside the broader crypto market.
