Cosmos ATOM tests $1.50 resistance amid short squeeze or bull trap debate

Cosmos ATOM resistance at $1.50 was tested on August 14, 2026, following an 8.3% rally in the past 24 hours. 3% in the past 24 hours to test the crucial $1.50 resistance level as of August 14, 2026. This upward movement, fueled by a substantial surge in trading volume and open interest, has analysts divided.They’re questioning whether it signifies a potent short squeeze or a deceptive bull trap for the altcoin.ATOM’s price action follows a prolonged downtrend, having moved from $2.29