ATOM, the native token of the Cosmos network, is trading at $1.93 — a level that has one analyst warning of further downside. Timothy Morano, whose market analysis is widely followed in crypto circles, puts the odds at 70% that ATOM will test the $1.65 support zone inside the next 14 days.
Whale positioning vs. selling pressure
Despite the bearish price action, large holders — commonly called whales — are building long positions. That's a bet that the sell-off is overdone or that a reversal is near. But the selling pressure they're up against is aggressive. The clash between whale accumulation and persistent dumping has created a tense standoff in the order books.
What the $1.65 level means
A drop to $1.65 would represent a further 14.5% decline from current levels. For context, that price area has acted as both support and resistance in recent months. If it breaks, the next floor could be much lower. If it holds, the whale longs could pay off nicely.
Timeline for the move
Morano's 14-day window means traders are watching the clock. Every day that passes without a breakdown reduces the probability of hitting that level, but the next two weeks are considered the most vulnerable period. The market is waiting to see whether the whale accumulation can stem the tide or if the sellers will overwhelm them.
For now, ATOM holders are left watching the order flow. The next major test — $1.65 — could come within days.
