Cosmos (ATOM) has experienced a significant decline, dropping 4.61% against the US Dollar in the last 24 hours. This underperformance is notable as the overall cryptocurrency market cap also decreased by 4.66% during the same period. ATOM has shown a bearish trend, losing 3.78% against BTC and 4.17% against ETH. Despite a 21.25% gain in the last month, Cosmos is down 36.07% year-over-year.

Technical indicators reveal a predominantly bearish sentiment, with 26 out of 29 indicators forecasting a negative outlook. The Fear & Greed index stands at 50, indicating a neutral market sentiment. Key support levels are at $4.58, $4.52, and $4.49, while resistance levels are at $4.67, $4.70, and $4.76.

Overall, the market outlook for Cosmos remains pessimistic, with significant volatility and bearish indicators suggesting caution for investors.