Cosmos (ATOM) jumps 15%, nears $2 resistance amid Bitcoin rally and SpaceX IPO watch.

Cosmos (ATOM) surged 15% to reach the $2 level, extending its June gains to 30%, driven by a broader market rebound and Bitcoin's attempt to climb above $64,000. The $2 price point aligns with the 200-day moving average, acting as a critical resistance that could determine whether ATOM continues its uptrend or faces a sell-off. If ATOM holds above $2 and the 200-day SMA, it may push higher toward $2.3 or $2.5, but failure to maintain this level could see a drop back to $1.8 or $1.66. The upcoming SpaceX IPO may divert capital from crypto, potentially increasing selling pressure and impacting ATOM's price trajectory.