ATOM Crypto Drops Below $3.60 – Why Traders Look to $2 Next

Key Takeaways

What’s the present value outlook for ATOM?

ATOM was trending, stabilizing above the $3 mark after crashing shut to close zero, in keeping with the broader market.

Can the worth bounce again to earlier ranges?

Liquidity hovering round earlier ranges for ATOM urged merchants believed the altcoin may make a comeback.

Cosmos Hub [ATOM] was hovering across the $4 zone when all the crypto market crashed.

The altcoin had been in a downward pattern for a yr since peaking above $10. Following a broader market crash, ATOM remained down about 19% on the day of writing.

Though commerce warfare tensions performed a task, different components additionally contributed to ATOM’s value decline.

Why did ATOM costs drop to virtually zero?

In line with a publish from Web3Vibes on X (previously Twitter), ATOM futures contracts on Binance have been briefly buying and selling at $0.

This exercise mirrored the shift within the Worry and Greed Index, which on the time of writing stood at 35, indicating nervousness.

Supply:

Just a few CT customers mocked the altcoin’s value drop, additional eroding confidence in a rebound. Deandree wrote,

“Oh look, $ATOM has lastly discovered true honest worth, in any case, the markets are actually environment friendly.”

Moreover, ecosystem fragmentation performed a task, as new forks just like the Cosmos-based AtomeOne (ATONE) diverted liquidity away from the unique token.

The decline was additional exacerbated by a discount in wagering rewards, which fell from 20% in early 2025 to 11.84%.

Worth evaluation and forecast

On the charts, ATOM had worn out the lows beneath the vary, across the $4 stage. The RSI supported this outlook because the studying of 32 on the time of writing indicated oversold circumstances.

A restoration from the damaged $3.60 stage may sign additional upside in direction of $4, earlier buying and selling ranges earlier than the crash.

This was mirrored within the capital influx that shortly introduced the worth again above $3. The Cash Circulate Index (MFI) stood at 61, indicating capital inflows.

Supply: TradingView

The alternative may be true, particularly now that some merchants are skeptical in regards to the altcoin’s true worth. It took an enormous quantity of capital, together with a return to earlier capitalization practices, to revive confidence.

Liquidation ranges recommend…

The liquidation heatmap on the every day chart confirmed that there have been nonetheless merchants betting on one other slight dip beneath $2. Liquidation leverage of over $3 million in ATOM was noticed at a value of roughly $2.78.

Supply: TradingView

Alternatively, there have been clusters of liquidity round $4, which was the valuation earlier than the crash. The degrees set the following targets in case the ATOM value have been to get well alongside the broader crypto market.