ATOM Tumbles 4% as Sellers Target Critical $4 Support Level

July 4, 2025

in Breaking, News

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Updated Jul 4, 2025, 2:51 p.m. Published Jul 4, 2025, 2:51 p.m.

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.

STORY CONTINUES BELOW

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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.

Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.

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