ATOM Eyes 15% Gain: Technical Indicators Point to Possible Upswing

• ATOM broke a long bearish trend with a 5.25% price increase.

• Price must close above $1.77 to confirm a potential 15% rally.

• Top holders and rising Open Interest indicate growing bullish sentiment among traders.

Cosmos — ATOM, has started showing signs of breaking free from a long bearish trend that began in February 2025. Over the last 24 hours, the token posted a 5.25% gain, pushing the price above a narrow trading range and signaling potential upside. Trading volume also surged by 13.22%, highlighting renewed interest from market participants. During this period, ATOM outperformed major cryptocurrencies such as Bitcoin, Ethereum, XRP, and Solana, drawing attention from both retail and institutional traders seeking opportunities for short-term gains. The recent breakout has sparked discussions about whether ATOM could be on the verge of a stronger rally.

$ATOM,1.673,MCAP:$831M,Accum. Rating: B-. Price pressed into lower BB near 1.56 support, downside liquidity heavier below, cautious of one more sweep before relief. pic.twitter.com/18MMperb3o

— TA (@TAnotepad) March 30, 2026

Technical Setup Suggests Bullish Potential

On the daily chart, ATOM displays bullish patterns after breaking out of a falling wedge. A large green engulfing candle followed the breakout, indicating momentum building on the charts. For confirmation, traders need the daily candle to close above the $1.77 level. Failure to hold above this threshold could turn the move into a temporary fakeout, leaving investors cautious.

If the breakout holds, ATOM could see a price jump exceeding 15% toward the next resistance around $1.98. Pushing past that level may trigger another 20% rally, potentially targeting the $2.40 range. Technical indicators show mixed momentum signals. The Average Directional Index (ADX) fell to 16.16, below the key 25 threshold, suggesting that while the breakout looks promising, momentum is not yet fully strong.

Traders should focus on daily candle closes and volume confirmation to gauge whether bulls can maintain the trend. Support around $1.61 provides a safety buffer if minor pullbacks occur, giving the market time to absorb buying pressure and strengthen the rally structure.

Growing Trader Interest Supports Upside

Investor sentiment is showing signs of optimism. Data from Nansen reveals that the top 100 ATOM addresses have increased holdings by 2.96% over the past few weeks, signaling confidence from major participants. Coinglass highlights that traders are actively positioning around key support and resistance levels. Around $1.61 on the lower side and $1.78 on the upper side, traders built $927.09K in long leveraged positions and $274.79K in shorts.

Open Interest (OI) rose by 3.57% to $124.82 million, pointing to increased trader participation. This combination of rising accumulation, leveraged bullish positions, and technical breakout patterns may create favorable conditions for a sustained upward move. Maintaining key support and confirming the breakout above $1.77 will determine whether the projected 15% rally remains achievable.

ATOM broke a long-term bearish trend with a 5.25% gain and rising trading volume. Daily charts suggest bullish potential if the price closes above $1.77 with volume confirmation. Top holders are accumulating, and traders are betting on further upside, supporting market confidence. Sustained momentum could push ATOM toward $1.98 and possibly $2.40 in the coming sessions.