Cosmos (ATOM) Approaches Resistance – Could a Breakout Soon Happen?

The cryptocurrency market saw some movement today, with Bitcoin and Ethereum holding steady despite global market uncertainties. While the overall performance was mixed, Cosmos (ATOM) is outpacing its peers, surging by 16% according to CoinMarketcap. This surge has sparked interest in ATOM’s potential for a significant price jump. Technical analysis suggests that a breakout could be near. A clear inverse head and shoulders pattern on the 4-hour chart signals potential bullish reversal.