Fierce Selling Sends ATOM Crashing Under $4

Cosmos (ATOM) Volatility Continues as Price Dips Below $4 Before Modest Rebound

Cosmos (ATOM) experienced renewed volatility over the last 24 hours, mirroring broader market uncertainty caused by global trade concerns and unpredictable monetary policy shifts.

From June 30 at 15:00 UTC to July 1 at 14:00 UTC, ATOM moved within a 5.1% range. Sellers dominated the early session, briefly pushing the token below the $4 threshold. Although prices managed a modest bounce late in the day, resistance continues to weigh on recovery attempts.

ATOM Market Activity Highlights

• Trading Range: The token moved within a $0.207 window, indicating continued price turbulence.
• Resistance Zone: Strong resistance was recorded around $4.16–$4.18, with volume peaking at 804K during the 19:00 UTC candle.
• Support Breach: The $4.04 support level gave way at 04:00 UTC amid selling pressure, leading to a dip below $4.00. Volume rose sharply to 562K.
• Partial Recovery: Despite the pullback, ATOM regained some ground, though it remains under pressure. Resistance has formed near $4.02, with a soft floor at $3.98.
• End-of-Session Movement: Between 13:06 and 14:05 UTC, the token rose 0.5%, from $4.004 to $4.024.
• Volume Spike: Activity surged to 44.9K at 13:44 UTC, coinciding with short-term bullish momentum.
• Key Levels Set: A local high at $4.032 emerged by 13:53 UTC, with short-term resistance holding at $4.03 and support at $4.02.

Market Outlook

ATOM’s slight recovery hasn’t yet reversed the prevailing bearish pressure. A sustained move above $4.03 would be needed to shift momentum, while any drop below $3.98 could deepen the recent pullback.