Cosmos (ATOM) was quoted at $1.40 in Binance spot data, down 7.77% over 24 hours. At 2026-11-06 07:00:00 UTC, Binance derivatives showed a slightly negative funding rate, rising open interest, and ...

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Cosmos (ATOM) was trading at $1.40 in the supplied Binance spot data, marking a 7.77% decline over the prior 24 hours. The same data showed a daily range of $1.54 to $1.34, so the session already pushed down toward the lower end of the range and close to the reported lower Bollinger Band at $1.33.

That matters because the broader trend structure is still soft. ATOM is below its 7-day SMA at $1.43, the 20-day SMA at $1.58, the 50-day SMA at $1.71, and the 200-day SMA at $1.69. The 12-day EMA at $1.49 and 26-day EMA at $1.58 are also above spot, which keeps short-term momentum tilted lower rather than neutral. The daily RSI of 35.84 sits in a subdued but not oversold zone, while the MACD reading of -0.0908 and the flat histogram at 0.0000 point to weak momentum rather than a confirmed reversal. The stochastic readings, with %K at 15.43 and %D at 12.34, reinforce that the market is stretched, but not yet showing a clean turn.

The Binance futures data is mixed. 0148% on an 8-hour settlement basis, which means shorts are paying longs. That usually reflects a market where leveraged positioning is leaning short enough to keep the funding rate negative, but it does not by itself prove a bullish shift.

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