Is $3.3 the Next Target for ATOM Following Its Two-Month High?

Cosmos (ATOM) has experienced a substantial uptrend, recently hitting a two-month high. Supported by increasing market activity and demand, ATOM has shown signs of renewed market optimism. This article examines the factors contributing to ATOM's price hike, on-chain activity, and market dynamics that could influence its future trajectory.

Key Takeaways

Cosmos (ATOM) recently reached a two-month high of $2.65.
ATOM's price increased by 8.2% in one day and 19% over the week, indicating strong market activity.
On-chain metrics show a rise in active users and transactions, pointing toward growing adoption of Cosmos.
Buyers have been active in both Spot and Futures markets, leading to a significant buy-sell delta and increased Open Interest.
ATOM could potentially target $3.3 if demand continues, but a decline could see prices drop to $2.2.

After ATOM's 2-month high, is $3.3 next for the altcoin's price?

ATOM's Recent Performance and Market Sentiment

Cosmos (ATOM) has continued its impressive upward momentum, particularly after it recently broke and retested a significant trendline. ATOM soared to a high of $2.65, reaching levels not seen since November and signaling renewed optimism in the market.

As of the latest updates, ATOM was trading at $2.64. This represented an 8.2% increase on the daily charts and a substantial 19% rise over the week. This price increase was complemented by a notable 20% surge in trading volume and an 8.2% increase in market capitalization, suggesting greater user engagement with the asset.

Renewed On-Chain Activity Reflects Growing Adoption

In the fourth quarter of 2025, Cosmos experienced a sharp decline in network usage, with the number of active addresses dropping from an average of 60,000 to below 1,000. However, as we entered 2026, Cosmos saw a revitalized demand, leading to a rebound in network usage. The number of active users jumped from 4,000 to 8,000, bringing the total number of addresses to 3.5 million.

Atom active addresses and transactions
Source: Artemis

In parallel, the daily transaction count rebounded from 13,000 to 30,000, contributing to a total of 86.9 million transactions. When both active addresses and transactions rise together, it typically signals increased network adoption. This uptick appears to stem from organic demand, not solely from a few large wallets, indicating strengthened fundamentals and supporting the token's long-term value.

Increased Demand for ATOM Among Market Participants

With the market recovering, buyers have actively defended higher price levels in both Spot and Futures markets. According to data from Coinalyze, buyers outpaced sellers after six consecutive days of selling pressure. Cosmos recorded a buy volume of 4.2 million versus a sell volume of 3.9 million.

cosmos buy sell volume
Source: Coinalyze

Consequently, the altcoin reported a positive Buy-Sell Delta of 300,000, indicating aggressive accumulation in the spot market. Historically, robust demand on this front has led to upward price momentum due to increased scarcity.

In the Futures arena, ATOM's Open Interest rose by 10% to reach $183 million, while derivatives volume surged by 27% to $220 million.

Atom derivatives data
Source: Coinglass

Notably, an increase in derivatives volume and Open Interest often suggests heightened market participation. Futures inflows reached $53.09 million, while outflows dropped to $49.04 million. Overall, net flows in the Futures market surged by 475.9% to $4.05 million, reflecting strong demand for both long and short positions.

cosmos futures flow
Source: Coinglass

Interestingly, most market participants favored short positions, as indicated by the Long/Short Ratio staying below 1, hinting at bearish sentiment.

The Future Momentum of ATOM

ATOM has seen sustained price gains as buyers have stepped in forcefully across Spot and Futures markets, bolstered by strong fundamentals. These conditions have strengthened the altcoin’s momentum, allowing it to flip short-term moving averages such as the 20 and 50-day EMAs.

At the same time, ATOM’s Relative Strength Index (RSI) has risen to 70, suggesting buyer dominance in the market. Such a scenario indicates strong trend strength, increasing the likelihood of continuation.

ATOM RSI & EMA
Source: Tradingview

If market demand persists, ATOM may successfully target EMA 100 around $2.7 and aim for a long-term resistance level of $3.3. On the contrary, should momentum wane, the price might retreat to $2.2.

Conclusion

As Cosmos (ATOM) continues to exhibit strong market performance and rising network activity, its future looks promising. However, the presence of bearish expectations combined with market dynamics will ultimately determine its trajectory in the days to come.