ATOM Plummets 4%: Sellers Target $4 Support Level – Cosmos in Crisis!

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What to know:

  • ATOM-USD dropped 4% in 24 hours from 3 July 15:00 to 4 July 14:00, falling from $4.22 to $4.06 amid high-volume selling.
  • Significant selling pressure emerged on July 4th with volume spiking to 588,338 units, pushing ATOM toward the critical $4.00 psychological support level.
  • In the final hour of trading on July 4th (13:06 to 14:05), ATOM declined another 0.61%, with a volume spike of 45,985 units at 13:50 confirming the bearish trend.

Cosmos’ ATOM token slumped by 4% in the past 24 hours as Thursday’s short-lived crypto rally came to a halt on Friday.

Market volatility has been lower on Friday, in part due to the nation July 4th holiday in the U.S.

Bitcoin attempted to form a new record high on Thursday but fell just short, sliding from $111,000 to $108,000, with the majority of altcoins like ATOM following its lead.

Technical analysis

  • ATOM-USD experienced a notable decline of $0.17 (3.95%) during the 24-hour period from 3 July 15:00 to 4 July 14:00, with price dropping from $4.22 to $4.06.
  • The asset established a clear downtrend after failing to maintain support at $4.17, with high-volume selling emerging at the $4.09 level.
  • Volume spiked to 588,338 units during the 7:00 hour on July 4th—significantly above the 24-hour average.
  • Multiple attempts to establish support near $4.07 have been rejected, suggesting continued bearish momentum.
  • During the 60-minute period from 4 July 13:06 to 14:05, ATOM-USD declined by $0.03 (0.61%), dropping from $4.09 to $4.06.
  • A brief recovery attempt occurred at 13:53 with price reaching $4.07, but momentum failed to sustain as sellers returned.
  • The pattern of lower highs and lower lows confirms continuation of the broader bearish trend approaching the psychological $4.00 support level.

CD20 Index Plunges 2% as Crypto Market Sentiment Deteriorates

The CD20 index has experienced a notable bearish trend over the last 24 hours from 3 July 15:00 to 4 July 14:00, declining from $1,803.70 to $1,765.27, representing a substantial drop of $38.43 or 2.13%.

The overall range of $38.84 (2.15%) highlights persistent selling pressure, with particularly accelerated downward momentum in the final hours as the index reached its lowest point of $1,764.86 at 14:00, suggesting deteriorating market sentiment despite brief consolidation attempts around the $1,780 level.

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2025-07-04 18:23