Despite Brief Bounce Attempts, ATOM Falls 5% as Bears Maintain Control

Cosmos Ecosystem Surpasses 100 Chains as ATOM Faces Renewed Selling Pressure

Cosmos (ATOM) fell 4.5% in the past 24 hours, dropping from $4.88 to $4.66 amid sustained bearish momentum, even as the network reached a major development milestone.

According to CoinDesk Research, ATOM struggled to hold gains during volatile trading, with support forming around $4.56 and resistance capped at $4.95. Despite brief recoveries — including a push toward $4.77 during early trading — selling pressure intensified late in the session, dragging the token back near intraday lows.

Technical Highlights:

• Trading range spanned $0.37, with intraday volatility at 7.58%.
• Peak trading volume reached 1.88 million units; key support emerged at $4.56.
• A sharp selloff at 10:51 UTC triggered a 1.87% minute-long drop to $4.63.
• Despite recovery attempts, bearish momentum dominated the session.

Ecosystem Growth:
Cosmos now supports over 100 live chains, as reported by MapOfZones. The milestone underscores the network’s growing interoperability, further supported by XRP’s ongoing integration through the Cosmos SDK and IBC.

In another development, ShadeX launched as the Cosmos ecosystem’s first encrypted money market. Built with CosmosSDK and CosmWasm, ShadeX is designed to deliver private, institutional-grade DeFi capabilities.

While ATOM faces technical headwinds, expanding ecosystem utility may serve as a foundation for longer-term resilience.