{"id":607591,"date":"2026-06-12T12:00:33","date_gmt":"2026-06-12T16:00:33","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=607591"},"modified":"2026-06-12T05:58:41","modified_gmt":"2026-06-12T09:58:41","slug":"cosmos-price-prediction-will-atom-hold-2-after-the-spacex-ipo","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/cosmos-price-prediction-will-atom-hold-2-after-the-spacex-ipo\/","title":{"rendered":"Cosmos price prediction: Will ATOM hold $2 after the SpaceX IPO?\u00a0\u00a0"},"content":{"rendered":"

Interoperability layer Cosmos [ATOM] fronted a 15% jump on Thursday, thanks to a broader market rebound. The surge followed Bitcoin\u2019s attempt to climb above $64K.\u00a0<\/span><\/p>\n

The lift off extended ATOM\u2019s June recovery gains to 30%. But the rally has hit a key inflection point that sets a springboard for further upside momentum or likely sell-off.\u00a0<\/span><\/p>\n

Cosmos: Which way for ATOM bulls?<\/h2>\n

On the price charts, <\/span>ATOM<\/span> has been oscillating<\/a> between $1.6 and $2.5 since February. In fact, the $1.66 is a February low that has acted as a key support in the past few months. <\/span>The latest June recovery was triggered from this level, further reinforcing it as a key demand zone.\u00a0<\/span><\/p>\n

\"Cosmos<\/a>
Source: ATOM\/USDT, TradingView\u00a0<\/span><\/figcaption><\/figure>\n

Notably, the $2 price area has acted as support and resistance, too. Worth pointing out that the current rally has hit the 200-day SMA (Simple Moving Average, blue), which also aligned with the $2 price level.\u00a0<\/span><\/p>\n

A decisive reclaim above the 200-day SMA would effectively flip the market structure bullish and improve the chance of extending the recovery towards $2.3 or $2.5.\u00a0<\/span><\/p>\n

But should bulls falter at the 200-day SMA, short sellers could drag ATOM<\/a> to $1.8 or back to the range-low of $1.66.\u00a0<\/span><\/p>\n

So, ATOM\u2019s uptrend could extend if it stays above $2 and the 200-day SMA, alongside strong buying pressure with RSI above the neutral level.\u00a0<\/span><\/p>\n

The only caveat is that SpaceX’s IPO will debut today and could siphon the capital from the crypto market in the short term. If so, any extra <\/span>BTC<\/span><\/a> losses would compound ATOM\u2019s weakness and could likely drag the altcoin down below $2.\u00a0<\/span><\/p>\n

Cosmos: Can ATOM stay above $2?<\/h2>\n

From a liquidation heatmap perspective, a volatility-driven market could push ATOM slightly higher to $2.1 before a potential drop to $1.9 or $1.7.\u00a0<\/span><\/p>\n

The above assumption was based on the upside liquidity of leveraged shorts that was piled above the $2 level. Past this zone, there was no meaningful liquidity.\u00a0<\/span><\/p>\n

In other words, after a potential short squeeze above $2, the lower liquidity pools at $1.9 and $1.7 could be the next target. Especially, if the SpaceX IPO debuts drag the crypto market lower.\u00a0<\/span><\/p>\n

\"Cosmos<\/a>
Source: CoinGlass<\/figcaption><\/figure>\n

In fact, the above data reinforced the price chart reading that the $2 could be a key roadblock if selling pressure intensifies.\u00a0<\/span><\/p>\n

The above bearish stance could be invalidated if the $2 level and the 200-day SMA are decisively defended as support. In such a scenario, another 25% potential could be possible for ATOM bulls.\u00a0<\/span><\/p>\n

\n

Final Summary\u00a0<\/span><\/h2>\n
    \n
  • ATOM rallied 15% and hit $2 on Thursday, bringing its January recovery gains to 30%.\u00a0<\/span><\/em><\/li>\n
  • \u00a0However, the $2 could become a make-or-break point ahead of SpaceX’s IPO.\u00a0<\/span><\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

    ATOM’s price rebound has hit a key inflection point.<\/p>\n","protected":false},"author":79,"featured_media":607612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[41,18,66,4,20],"tags":[6427],"class_list":["post-607591","post","type-post","status-publish","format-standard","has-post-thumbnail","category-analysis","category-hide-cryptopanic","category-new-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"\nCosmos price prediction: Will ATOM hold $2 after the SpaceX IPO?\u00a0\u00a0 - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Cosmos [ATOM] pumped 15% on Thursday lifting it up to a key 200-day SMA level of $2, which could extend or break the June recovery.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/cosmos-price-prediction-will-atom-hold-2-after-the-spacex-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cosmos price prediction: Will ATOM hold $2 after the SpaceX IPO?\u00a0\u00a0 - 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