If you want to invest in or buy Cosmos and wonder what the right price to start accumulating Cosmos is, then you are at the right place. As we go through the analysis, we will determine different patterns and how Cosmos reacts to them. We will also see support and resistance, which is a good area for any instrument to buy or sell. Without any further delay, let’s dive into the Cosmos price analysis and explore different opportunities arising from it.
Cosmos Price Analysis of May 3, 2025
Cosmos began the session with an upward-moving channel, reaching the high of the day at $4.51 at 03:05 UTC. RSI rose above 70, signaling overbought conditions and hinting at a possible reversal. A breakdown followed at 04:30 UTC, supported by a golden crossover of MACD, sending the Cosmos price lower to establish support at $4.410 and resistance at $4.470. At 16:15 UTC, the ATOM price attempted to break resistance with MACD support but failed. Later, at 19:35 UTC, the support was tested and broken during a death cross, leading to a brief range.
Chart 1: Analysed by vallijat007, published on TradingView, May 3, 2025
RSI dropped below 30 at 19:45 UTC, confirming oversold pressure before the range broke down further at 21:45 UTC. Cosmos marked a low at $4.320, with new resistance forming at $4.370. An upward-moving channel appeared in Cosmos, which marked the high for the day at $4.51 at 03:05 UTC. RSI moved above the level of 70, indicating overbought market conditions, suggesting a reversal or at least a pullback. The upward-moving channel broke to the downside at 04:30 UTC, supported by a golden crossover of MACD. ATOM price dipped to the downside and formed a support area at $4.410 and a resistance area at $4.470.
ATOM’s Bearish Momentum: Why Every Rally Attempt is Failing
Price attempted to break the resistance area at 16:15 UTC, supported by a golden crossover of MACD, but the upside Cosmos breakout failed. An attempt was made to break the support area at 19:35 UTC, supported by a death cross of MACD. Price moved to the downside and formed a small range. In the meantime, at 19:45 UTC, RSI dropped below the level of 30, indicating oversold market conditions, suggesting a reversal or at least a pullback.
The range broke to the downside at 21:45 UTC, supported by a death cross of MACD. Price moved to the downside but failed to form a downward-moving channel. Price marked the low for the day at $4.320. Cosmos created a resistance area at $4.370. Cosmos is currently in a downtrend with successful downside breakouts, and any attempts to break out to the upside have failed. If Cosmos breaks the resistance area at $4.370, then it may rise to the level of $4.400. If the price drops to the level of $4.300, then there will be a high chance that Cosmos could reach the level of $4.200.
Cosmos at a Key Decision Point
Cosmos price is currently trending lower, with downside Cosmos breakouts holding while upside attempts continue to fail. The daily high at $4.51 triggered overbought signals, and since then, price action has weakened. A key support lies at $4.30; if this breaks, the next target is $4.20. On the upside, $4.37 is the immediate resistance, and a breakout above this could push Cosmos toward $4.40. However, given repeated failed bullish attempts and the presence of MACD death crosses, the trend favors bears for now. Traders should remain cautious and wait for a confirmed breakout or support hold before taking positions.
Cosmos (ATOM) Price Analysis of May 7, 2025
Beginning the session with a downward-moving channel, Cosmos broke out to the upside at 13:20 UTC, backed by a Golden Cross of the MACD. The Cosmos price, however, lacked momentum and stopped around the $4.075 resistance area. Cosmos fell to a daily low of $3.980 following the rejection, where RSI dropped under 30, indicating oversold conditions. Price shot above $4.075 in response to this, backed once more by a bullish MACD crossover. Forming a new upward-moving channel, the ATOM price surged to $4.160, the day’s high, before heading into overbought territory.
Chart 2: ATOM/USDT M5 Chart, Analysed by vallijat007, published on TradingView, May 7, 2025
A downward-moving channel appeared in Cosmos price action, which broke out to the upside at 13:20 UTC, supported by a Golden Cross of the MACD. However, the ATOM price failed to establish a sustainable trend following the breakout. Instead, it formed a resistance area at the $4.075 level, where buying momentum stalled.
Following the rejection at ATOM resistance, Cosmos dropped to $3.980, marking the low for the day. At the same time, RSI fell below the 30 level, signaling oversold market conditions and suggesting a possible reversal or at least a short-term pullback. Buyers responded, and the price spiked to the upside, breaking above the $4.075 resistance level. This breakout was also supported by a Golden Cross on the MACD, confirming renewed bullish momentum.
ATOM’s Pivotal Levels: 4.00 Support vs 4.20 Resistance
The upward movement led to the formation of an upward-moving channel, with the Cosmos price eventually marking the high for the day at $4.160. However, at 01:30 UTC, the RSI crossed above 70, indicating overbought conditions; as expected, a pullback followed. The upward channel broke out to the downside at 02:05 UTC, supported by a Death Cross of the MACD, leading to a spike lower.
If the breakout from the upward-moving channel holds, Cosmos may drop back to the $4.075 level. This area, which previously acted as ATOM resistance, may now serve as support. If that level fails, the Cosmos price could decline further to $4.00, another key support zone. On the other hand, if the downside breakout fails and buying strength returns, Cosmos could rebound and rise toward the $4.200 level.
Reflecting market uncertainty, both MACD and RSI signals now sit almost at their basic levels. This points to Cosmos starting a consolidation phase. If this lateral movement persists, it might accumulate momentum for the following significant directional shift. To predict the next trend with confidence, traders should look for a confirmed breakout with volume above $4.160 or a confirmed breakdown below $4.000. Until then, short-term fluctuation might continue inside this range.
ATOM’s Next Move: Consolidation or Breakdown?
After topping at $4.160, RSI crossed above 70, and Cosmos pulled back sharply. At 02:05 UTC, the upward channel broke to the downside, supported by a Death Cross on MACD, signaling potential short-term weakness. If the pullback holds, $4.075 could act as support. A breakdown below this level might take Cosmos to $4.000. Conversely, if buying resumes and the breakdown fail, Cosmos could rebound toward $4.200. With both MACD and RSI hovering near neutral levels, Cosmos is likely entering a consolidation. Traders should wait for a clean breakout above $4.160 or a breakdown below $4.000 for a confirmed directional move.
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