Cosmos (ATOM) is down 4.5% to $4.613 this week, underperforming the broader crypto market, where Bitcoin (BTC) has declined by 1.5% to $95,700. More concerning is ATOM’s failure to reclaim the $5.000 support level, which poses a significant downside risk. The token has already erased all its Trump-driven rally gains and set a new yearly low at $3.605.
This weakness could extend further, potentially driving ATOM down to $2.500—a 45.0% drop from current levels. The absence of strong fundamental catalysts leaves the token vulnerable to broader market trends. If sentiment across the crypto space remains weak, ATOM is likely to face continued downside pressure.
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