Cosmos (ATOM) rose by 3.7% to $8.660 this week, outperforming Bitcoin (BTC), which remained relatively flat around $68,400. However, despite this upward movement, ATOM has been stuck in a flat range for the past six weeks. This suggests a lack of clear directional movement in the near term.

If positive market sentiment prevails, ATOM could rise to a maximum of $10.00, but it is likely to remain within its current flat range for a few more weeks. Conversely, if market sentiment turns negative, the token may dive below the support level at $7.50.