Cosmos (ATOM) has breached a crucial support level at $3.57, signaling a continuation of its bearish trend. Technical indicators suggest the cryptocurrency could decline further, with potential support levels at $2.66, $2.29, and $1.60. Analysts highlight the importance of a retest within the $3.40–$3.60 range, but emphasize that a sustained recovery above this zone is necessary to counter the prevailing downtrend. Momentum indicators, including RSI and MACD, remain bearish, showing no signs of reversal. The next significant resistance is identified between $3.40 and $3.60, with a daily close above $3.80–$4.00 needed to negate the bearish outlook.