I just checked ATOM and see that it is trading around $1.87, with a bullish movement of 3.76% in the last 24 hours. The interesting thing is that a double bottom pattern appears to be forming on the charts, especially after touching lows near $1.70 recently. If this double bottom trading pattern is confirmed, we could see a rebound toward the $2.70 zone and beyond.

Historically, ATOM hit highs of $12 at the end of 2024 and $6 in mid-2025, so we are quite far from those levels. But what catches my attention is that volume has been increasing, suggesting that buyers are interested at these low levels. The support at $2 remains crucial, although the price is slightly below it now.

From a technical trading perspective, that double bottom pattern I mentioned is what many traders are watching. If ATOM manages to break the resistance at $2.70, it could target $3.50. However, if it doesn't hold the support and falls below $2, the next demand zone would be around $1.20. Everything depends on how Bitcoin and the overall market move, but the double bottom formation is something to keep on your radar if you're doing technical trading with altcoins.