ATOM Price Slides 3.7% as Sellers Dominate, Support Levels Break

Cosmos (ATOM) dropped 3.7% over the 24-hour period ending July 30 at 14:00 GMT, sliding from $4.60 to $4.43 amid heavy selling pressure. The sharpest decline occurred between 10:00 and 11:00 GMT, when the token fell from $4.48 to $4.39 on surging trading volume of 2.71 million, nearly triple its daily average, signaling aggressive bearish activity.

During the final trading hour, ATOM fluctuated between $4.405 and $4.438, with a significant selloff at 13:23 GMT pushing the price to session lows on 56,962 units traded. Although it recovered slightly to close at $4.427, overall market sentiment remained negative. Resistance was observed at $4.438, while support repeatedly tested around $4.405 suggested weakening buyer strength.

Fundamental developments, including Cosmos surpassing 100 active chains and advancing XRP integration through the Cosmos SDK and IBC protocol, failed to offset the bearish technical outlook. The market’s focus remained on broken supports and sustained downward momentum.

Key technical levels highlight immediate support at $4.39, with secondary backing near $4.30–$4.35 if selling pressure persists. Resistance lies at $4.62–$4.65 from earlier session highs, with hourly price action capped at $4.44 and a temporary floor forming around $4.41. The current trend warns of further declines if buyers fail to regain control.

This price action underscores the growing volatility in the ATOM market, where technical weakness outweighs positive ecosystem milestones, leaving the token vulnerable to additional losses.