According to Bijié Wǎng, Cosmos (ATOM) price has broken above $3 as of Thursday, driven by increased demand from large investors (whales) in the derivatives market, which boosted futures open interest (OI). The price surge follows a hammer candlestick pattern and a potential bullish Marubozu formation, with the RSI and MACD indicators showing rising buying pressure. Cosmos also announced a partnership with Everstake and Turkey’s Paribu Custody to offer institutional-grade staking services for ATOM and other digital assets, acting as a sentiment catalyst. Over the past 24 hours, ATOM futures OI grew by 9.78% to $177.57 million, according to CoinGlass data.
Cosmos (ATOM) Price Surges Past $3 Amid Whale Activity and Institutional Staking Partnership
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