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ATOM Plunges 5% Despite Recovery Attempts Amid Bearish Pressure
Cosmos hits 100-chain milestone as ATOM tests $4.56 support amid sustained selling pressure.
Updated Jul 29, 2025, 3:11 p.m. Published Jul 29, 2025, 3:11 p.m.
What to know:
- ATOM Slips Despite Recovery Attempts: ATOM falls 4.51% to $4.66 over 24 hours ending July 29 at 11:00, unable to sustain gains amid volatile trading and strong selling pressure near resistance.
- Ecosystem Growth and Innovation: Cosmos ecosystem exceeds 100 live chains on MapOfZones; XRP integration advances through Cosmos SDK and IBC, while ShadeX launches as the network’s first encrypted money market.
- Technical Indicators Highlight Bear Pressure: Resistance at $4.95 and support at $4.56 define the session range; intraday volatility hits 7.58%, with a sharp selloff at 10:51 and a recovery drive stalling below $4.77.
Technical Analysis Shows Mixed Signals
- ATOM drops 4.51% over 24 hours ending July 29 11:00, sliding from $4.88 to $4.66 as recovery bids fail.
- Cosmos ecosystem crosses 100 live chains on MapOfZones while XRP integration progresses via Cosmos SDK and IBC protocols.
- ShadeX debuts as Cosmos' first encrypted money market, delivering institutional-grade privacy through CosmosSDK and CosmWasm tech.
Market Performance Analysis
ATOM battles volatile sessions with resistance capped at $4.95 before overnight support emerges near $4.56. The token shows fight with recovery drives toward $4.77, yet selling waves push close to $4.66, signaling persistent bear grip short-term.
Key Technical Indicators
- Resistance holds firm at $4.95 in opening with heavy volume hitting 1,889,637 units.
- Support emerges around $4.56 during overnight sessions.
- Trading range spans $0.37, marking 7.58% intraday volatility.
- Recovery bid launches from 05:00, driving prices toward $4.77.
- Selling surge at 10:51 brings exceptional volume of 193,762 units.
- Sharp 1.87% single-minute drop establishes session support at $4.63.
- Recovery momentum breaks multiple resistance barriers.
- Close near session peaks signals fresh buying appetite.
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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