Cosmos (ATOM) is trading around $2.23, with bulls targeting a rebound above $3 despite broader market losses. The altcoin faces sell-off pressure as Bitcoin retests $65,000, but a potential double bottom pattern suggests a bullish reversal could be on the horizon. As of February 23, 2026, ATOM's 24-hour trading volume increased by 31% to approximately $54 million, indicating rising buying interest. The token has recovered from lows near $1.70, though it remains below previous peaks of $12 in late 2024 and $6 in mid-2025. Analysts highlight a key technical pattern, with the $2.70 zone acting as a crucial resistance level. A successful test of this level could see ATOM rally towards $3.50 and beyond. However, failure to maintain support above $2 could lead to further declines, with the next demand zone around $1.20. The outlook remains contingent on broader market trends and technical indicators such as RSI and MACD.