Crypto
ATOM Price Slumps to $1.25, Traders Warn of Further Downside
As of August 2, 2026, Cosmos Hub's cryptocurrency, ATOM, trades at $1.25 against USDT, indicating a downward trend in its price action.
The daily chart structure is unambiguously bearish, with ATOM trading below every major EMA in a fully stacked descending order, confirming a clean downtrend signature that leaves little room for bullish interpretation.
Key indicators such as the RSI14 on the daily sitting at 24.16, deep into oversold territory, and the MACD remaining negative with no bullish crossover in sight, reinforce the bearish narrative.