Cosmos (ATOM) is up 1.77% this week to $4.360, lagging behind the broader market as Bitcoin (BTC) climbs 3.7% to $85,124. Investors are cautiously optimistic amid speculation that the U.S. may introduce softer-than-expected reciprocal tariffs. On April 2, U.S. President Donald Trump is expected to announce the imposition of tariffs on all nations that impose duties on U.S. exports.
From a technical standpoint, ATOM’s price action remains resilient. The token has recovered most of its early March losses, when it attempted to break above the $5.000 resistance. Recently, it broke through the downtrend resistance and has managed to hold above it. Any positive developments regarding tariffs could serve as a catalyst, propelling ATOM past the $5.000 threshold.
