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ATOM Climbs 4% Amid Bullish Momentum and Consolidation Near Key Support Zone
Cosmos’ native token posts strong technical breakout with rising volume and higher lows, as traders eye Bitcoin’s next move for broader altcoin direction.
Jul 28, 2025, 4:37 p.m.
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What to know:
- ATOM surged 4% in 24 hours, climbing from $4.78 to $4.89 with strong technical confirmation from higher lows and a breakout above $4.84 backed by volume spikes exceeding 1.2 million during key sessions.
- The token briefly dipped to $4.88 before recovering to $4.91, signaling a healthy consolidation phase around the $4.90–$4.91 support zone as trading volume tapered off toward the end of the session.
- ATOM’s next move may hinge on Bitcoin’s trajectory, with a BTC breakout above $124,000 and subsequent consolidation expected to benefit altcoins, potentially fueling further upside for Cosmos.
Cosmos’ native token ATOM posted a robust 4% gain over the past 24 hours, surging from $4.78 to $4.89 between July 27 at 15:00 and July 28 at 14:00 UTC. The token’s bullish advance was supported by clear technical signals, including multiple higher lows and a decisive breakout above the $4.84 resistance level, powered by volume surges that surpassed 1.2 million during key sessions at 06:00, 12:00, and 13:00 UTC.
The latter part of the trading window saw ATOM dip briefly from a peak of $4.92 to $4.88 before rebounding to $4.91, reflecting a healthy consolidation phase. This movement was accompanied by diminishing volume, suggesting that the market may be stabilizing around the $4.90-$4.91 support zone as traders await the next directional move.
STORY CONTINUES BELOW
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Much of the upcoming price action will depend on whether BTC can break out of its current range and form new record highs, a shift above $124,000 and a period of consolidation would positively benefit altcoins including ATOM.
Technical Analysis Summary
- Clear uptrend established with multiple higher lows.
- Resistance breached at $4.84 with strong volume confirmation.
- Volume spikes exceeded 1.2 million during key breakout sessions at 06:00, 12:00, and 13:00 UTC.
- Strong volume support between $4.82–$4.84.
- Overall trading range of $0.19 (4%) indicating constructive volatility.
- Late-session consolidation near $4.90–$4.91 as volume tapered off.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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