# Cosmos ATOM Trades Below Short-Term Averages as Esebame Sets $1.85 Case By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/34017 Published: 2026-10-17T13:03:06.000Z Updated: 2026-10-17T13:03:06.000Z Section: Investing > The Oct. 17 quote was down 1.87% over 24 hours. Esebame’s year-end scenarios also include a $2.44 bull case and a $1.40 bear case. Cosmos (ATOM) traded at $1.73 on Oct. 17, below its listed short-term averages, as analyst Damilola Esebame’s $1.85 year-end base case sat about 6.9% higher. The spot quote was down 1.87% over 24 hours, with a reported 24-hour range of $1.71 to $1.78. Seven-day and 20-day simple moving averages stood at $1.80 and $1.79; the 12-day and 26-day exponential averages were $1.79 and $1.77. The 50-day and 200-day averages were both $1.71. MACD and signal-line readings were 0.0207, leaving a zero histogram. The listed technical levels put support at $1.70 and $1.67, and resistance at $1.77 and $1.81. A derivatives reading timestamped 3 a.m. ET (07:00 UTC) showed a one-hour taker buy/sell ratio of 0.6491. Futures open interest was about $21.18 million, down 2.72% over 24 hours. The scenarios in Esebame’s Oct. 10 analysis extend to Dec. 31, 2026: $1.85 at the center, $2.44 on the bullish side and $1.40 on the bearish side. He assigned the base case a 45% weight, the bull case 25% and the bear case 30%; those weights reflect his scenario judgments. An [earlier review of ATOM’s key price levels]() covered the $1.70 support area and the 200-day average. ## Links in this article - [earlier review of ATOM’s key price levels](https://www.tokenpost.com/news/investing/27315)