⚡️ Cosmos (ATOM) forecast as $2 flips into key support

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.
🔸 ATOM price today
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.
🔸 Cosmos price forecast
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.
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