Cosmos price traded around $2.23 on Monday, Bulls eye a rebound to above $3 despite broader crypto market losses. A key bullish pattern signals the potential for an upside continuation.

Cosmos (ATOM) faces continued sell-off pressure as overall sentiment threatens a sharper correction for altcoins.

This is due to seller dominance as Bitcoin retests $65,000 amid macroeconomic pressures.

However, while the latest downturn has seen bulls fail to decisively test sellers above $2.50, a potential double bottom formation suggests the altcoin could soon explode to a multi-month high.

As of February 23, 2026, Cosmos (ATOM) was trading near $2.23, with 24-hour trading volume of about $54 million, up 31%, signalling increased buying interest.

However, broader losses across the cryptocurrency market over the past day have allowed sellers to regain some ground following ATOM’s spike to $2.50 on February 18.

While the token has recovered from lows near $1.70, the rebound remains modest compared with previous peaks near $12 in late 2024 and above $6.00 in mid-2025.

The prolonged downtrend across most altcoins in 2026 continues to pose downside risks, with further weakness likely unless buyers defend key support levels and establish new demand zones.

The Cosmos price shows recovery potential amid a decent bounce from year-to-date lows near $1.70.

Although an overall negative trend in cryptocurrencies could see Cosmos descend into a deeper drawdown, the opposite suggests a rally past $3.00-$3.50 towards pre-October 2025 crash highs.

The area around $2.50 and $3.00 portends a potential supply‑wall risk.

However, with prices bouncing off recent lows, analysts point to a key technical pattern emerging.

A double bottom is a bullish reversal chart pattern formation that outlines two key support levels in a downtrend.

Typically, this pattern forms after a sharp sell-off to a certain low, with prices rebounding before revisiting the zone.

A neckline formation acts as resistance, and in the case of ATOM, this crucial supply zone lies around $2.70.

In the short‑term, Cosmos could test resistance at the neckline and the $3.13–$3.25 zone.

Should bullish momentum hold amid a broader market upturn, the next major resistance levels would be around $4.50-$6.00.

If ATOM continues to struggle alongside Bitcoin and other altcoins, failure to hold above $2.00 could spell danger for buyers.

The next demand reload area below the Feb. 6 lows lies around $1.20.

This outlook could gain momentum if the RSI flips below the 50 mark and the daily MACD turns bearish.

Prices falling below the Bollinger Bands middle line could also signal fresh weakness.

As noted, the opposite, with the double-bottom pattern, confirms that bulls have the upper hand.

The post Cosmos (ATOM) forecast as $2 flips into key support appeared first on CoinJournal.

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