Cosmos (ATOM) is the native token of the Cosmos network, a Layer‑1 ecosystem focused on interoperability and scalable blockchain communication via its Inter‑Blockchain Communication (IBC) protocol.
ATOM currently trades around roughly $2.2 USD, significantly below its 2021 all‑time high near $44.7 USD, reflecting extended bearish pressure on Layer‑1 tokens.
Recent price movements largely track broader crypto market sentiment and Bitcoin’s direction, with support near ~$2.10 and resistance near ~$2.20.
Daily volume remains healthy for a top‑50 crypto, but weak macro conditions and sector rotation keep upward momentum limited.
Long‑term holders point to ATOM’s role in staking, governance, and cross‑chain use cases as potential value drivers, although price gains depend heavily on ecosystem growth.
Technical analysts say a clear break above recent resistance levels could signal renewed interest, while a slide below support may extend the range‑bound trend.
@Cosmos - The Interchain $ATOM #ATOMcoin #atom