Atom dropped 3.7% during the 24 and 24 session ending on July 30 at 2:00 p.m. GMT, from $ 4.60 to $ 4.43 under intense sales pressure. The most aggressive decline occurred between 10:00 and 11:00 GMT, when the price went from $ 4.48 to $ 4.39 over a volume explosion to 2.71 million, which triples the daily average. This sharp decline highlights the domination of sellers and the failure of recent levels of support to be kept.
In the last hour of negotiation, Atom experienced a hectic consolidation between $ 4.405 and $ 4.438. A notable sale at 13:23 GMT saw the bottom of the token in the middle of 56,962 units exchanged. Although the price has recovered slightly to end at $ 4.427, the overall model remained down, with resistance at $ 4.438 and a support tested several times almost $ 4.405.
Despite the positive developments on ecosystems – such as the cosmos reaching 100 live channels and progressing XRP integration via the SDK Cosmos and the IBC – the market ignored the fundamentals and focused on technical weakness. With several breakup supports and sellers firmly in control, the path of the slightest resistance remains downward.
Technical indicators
- Critical support emerges at $ 4.39 with high volume confirmation and a secondary floor at $ 4.50.
- The resistance wall accumulates $ 4.62 to $ 4.65 from early session peaks.
- The acceleration of the downward trend warns deeper losses towards $ 4.30 – $ 4.35 per target area as support levels fail.
- The hourly action shows $ 4.44 of resistance ceiling gains while the $ 4.41 support provides a temporary floor.
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