The crypto market is beginning to show early signs of recovery as Bitcoin prices rise alongside increasing activity in altcoins like Cosmos (ATOM) and Avalanche (AVAX).
Cosmos (ATOM) Recovery
On the weekly chart, ATOM has formed a classic double-bottom pattern after a prolonged downtrend that began in December 2024. ATOM has now bounced to $4.73, indicating a potential shift in trend. The MACD indicator is also suggesting a possible bullish crossover, indicating potential further growth.
Avalanche (AVAX) Growth
AVAX mirrors ATOM's trajectory, forming a double-bottom after failing to break resistance in December 2024. The price has risen to $19, implying easing selling pressure. The MACD indicator is also signaling a potential bullish crossover, which could lead to further gains.
Outlook for ATOM and AVAX
ATOM has already begun its recovery, whereas AVAX is in the early stages of its rebound, showing the first signs of bullish momentum. However, both tokens will largely depend on broader market sentiment and Bitcoin's ability to sustain its rally.
Both ATOM and AVAX are showing promising reversal patterns, but their ultimate trajectory will greatly depend on market sentiment and Bitcoin's dynamics.
