Triple Spike in Volume Helps ATOM Clear Resistance Barrier.

ATOM Breaks Resistance as Trading Volume Triples, Signaling Renewed Strength

Cosmos’ native token ATOM is showing strong signs of bullish momentum, driven by a surge in trading volume and steady support at key price levels.

From 15:00 on July 6 to 14:00 on July 7, ATOM advanced from $4.05 to $4.10, marking a 1.23% increase as traders grew more confident despite lingering caution in the broader crypto market. This move coincides with bitcoin approaching its $110,000 resistance level—a barrier that previously triggered a brief altcoin pullback when left unbroken last week.

The sharp rise in trading volume, coupled with the breakout above resistance, positions ATOM for potential further upside.

Key Technical Highlights:

• ATOM gained 1.23% over the 24-hour period, rising from $4.05 to $4.10.
• A breakout occurred at 21:00 on July 6, with trading volume surpassing 1 million units—three times the hourly average—and pushing the price past the $4.10 resistance level.
• The token moved within a 2.4% range, hitting a session high of $4.13.
• Buyers established strong support between $4.03 and $4.05, reinforcing the bullish setup.
• A quick breakout unfolded between 13:57 and 13:59 on July 7, as ATOM climbed from $4.09 to $4.10 with trading volume exceeding 20,000 units per minute.
• During the session’s midpoint, prices consolidated around $4.07–$4.08, creating a stable support base ahead of the final rally.
• ATOM rose 0.5% from its $4.07 session low to the high of $4.10 in under an hour.
• It ended the session at $4.09, slightly below the peak but establishing a higher low, indicating ongoing bullish sentiment even amid some profit-taking.

CD20 Index Shows Volatility Amid Market Uncertainty

At the same time, the CD20 Index—which tracks major crypto assets—exhibited heightened volatility over the same period, fluctuating in response to shifting sentiment.

The index traded between $1,772.50 and $1,793.57, covering a 1.18% range, and closed at $1,780.94. After peaking early on July 7, it retreated sharply toward session lows around 13:00, before partially recovering. This turbulence suggests traders remain divided between taking profits and cautiously accumulating positions, underlining ongoing market uncertainty.