CRYPTOCAP:ATOM has formed a massiv head and shoulders pattern but failed to break down in time, it indicates a trend continuation within the channel. The cosmos ecosystem is growing nicely, I am using the market cap chart because the ATOMUSDT chart does not include the 19% APY yield atom generates. Cosmos is recovering from the UST LUNA collapse and with the arrival of USDC this year, it will have a major stablecoin again. Shared security should help Cosmos stakers to generate addional yield. With the developer activity and progress, Cosmos seems undervalued compared to other L1 and seems like a good long term pick.
