Cosmos Is Struggling to Continue Up
Cosmos (ATOM) is down by 1.3% to $4.194 this week, underperforming Bitcoin (BTC), which has slipped by 0.3% to $113,910. ATOM continues to trade sideways within the $3.500–5.250 range that has contained price action since February. In July, the token attempted a breakout, rallying 28% to $5.311, but was ultimately held back by negative market sentiment.
A major software upgrade Gaia v25 was announced in early July, aiming to simplify the rollout of new features by developers. While promising in the long term, it hasn’t been enough to trigger a breakout above the upper boundary of the consolidation zone.
For now, ATOM remains range-bound, and without a clear catalyst, breaking above the $5.000–5.250 resistance area will likely remain a challenge. Traders and investors may want to stay on the sidelines until the token firmly clears this level, which could then open the way for a move toward the next target at $7.500.
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