ATOM Springs Back from Key Floor, Poised to Extend Its Advance

Cosmos (ATOM) Gains 3% as Price Targets $4.04 Resistance After Sharp Recovery

While most cryptocurrencies continue to drift within narrow ranges, Cosmos’ native token ATOM is showing signs of strength. The token climbed 3% in the past 24 hours, approaching the $4 mark and hinting at the potential for further gains.

ATOM’s price staged a noticeable V-shaped rebound from July 1 at 15:00 UTC through July 2 at 14:00 UTC, signaling a renewed bullish tone amid cautious broader market conditions.

Key Technical Highlights:

• The recovery was backed by strong volume at the $3.91 support zone during the 01:00 UTC session on July 2, where trading activity surpassed the daily average of 425,000 tokens.
• The token traded in a $0.13 range (up 3.24%), with resistance now forming at $4.04—a level tested several times during the 11:00–13:00 UTC window.
• Between 13:06 and 14:05 UTC, ATOM rose from $4.02 to $4.03, a 0.32% gain, suggesting sustained upward momentum.
• A small pullback to $4.01 around 13:24 formed a rounded base before the price climbed again.
• Buyer interest increased near the session’s close, with volume spikes above 33,000 units between 13:58 and 13:59, reinforcing support at $4.02.
• The token pushed above $4.03 during the final minutes, marking three higher highs in a row between 14:03 and 14:05 UTC—typically a bullish indicator.

Despite market-wide indecision, ATOM’s rebound and technical setup suggest potential for continued upside if it can firmly break above the $4.04 resistance level.