The post Cosmos (ATOM) Price Tests $4.40 Support as Bears Take Control appeared on BitcoinEthereumNews.com.

Tony Kim
Sep 04, 2025 06:29

ATOM price drops 0.50% to $4.41 amid neutral RSI signals, with key support at $4.27 becoming critical for maintaining bullish structure.

Quick Take • ATOM currently trading at $4.41 (-0.50% in 24h) • Cosmos’s RSI at 46.58 suggests neutral momentum with potential for further downside • No significant news catalysts driving current price action What’s Driving Cosmos Price Today? The ATOM price has experienced a modest decline of 0.50% over the past 24 hours, reflecting broader market uncertainty rather than any specific negative developments for the Cosmos ecosystem. With no significant news events reported in the past week, the current price action appears to be driven primarily by technical factors and general market sentiment. Trading volume for ATOM/USDT on Binance remains relatively subdued at $5.69 million over the past 24 hours, suggesting limited conviction from both buyers and sellers. This low volume environment often leads to choppy price action as the market searches for direction. ATOM Technical Analysis: Bearish Signals Emerge The Cosmos technical analysis reveals a concerning picture for short-term bulls. ATOM’s RSI reading of 46.58 places the cryptocurrency in neutral territory, but the downward trajectory suggests building selling pressure. The MACD indicator further confirms this bearish bias, with the histogram at -0.0191 indicating strengthening negative momentum. Cosmos’s moving averages paint a mixed picture that leans bearish. The current ATOM price of $4.41 sits below the key short-term averages, including the SMA 7 ($4.46), SMA 20 ($4.54), and SMA 50 ($4.59). This positioning below multiple moving averages typically signals continued downward pressure. The Stochastic oscillator provides additional confirmation of weakness, with the %K value at 16.89 indicating oversold conditions. However, oversold readings don’t guarantee an immediate bounce, especially when other indicators remain bearish. Cosmos Price…

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Filed under: News - @ September 5, 2025 3:24 am