Despite a slight gain of 3.28% against the US Dollar today, Cosmos (ATOM) continues to underperform, trading 11.59% below our May 03, 2024 prediction. Over the past month, Cosmos has dropped by 31.25% and is down by 27.90% since a year ago. The current trading price is $8.47, with a predicted increase of 13.46% in the next five days.

However, the overall market sentiment remains bearish, with 87% of indicators favoring a negative prediction. The Fear & Greed index is currently at 65, indicating that while investors are optimistic, the market may be overvalued.

In the last 30 days, Cosmos has recorded 12 green days, but the long-term picture remains negative, with a 1-year price change of -27.90%. The all-time high price was reached on Jan 07, 2022, at $44.47, while the current cycle high is $16.90, and the cycle low is at $5.60.

Key support levels are at $8.20, $7.98, and $7.85, with resistance levels at $8.54, $8.68, and $8.89. Despite the recent gains, the overall market outlook for Cosmos remains pessimistic, reflecting the unpredictable nature of the cryptocurrency markets.