Atom tumbled 3.7% in the 24-hour session, which ended July 30 at 1 p.m. 14:00 GMT, and fell from $ 4.60 to $ 4.43 under intense sales pressure. The most aggressive fall occurred between 10:00 and 11:00 GMT as the price dropped from $ 4.48 to $ 4.39 on an explosion of volume to 2.71 million – almost tripled the daily average. This steep decline emphasizes sellers dominance and failure in the recent levels of support to hold.
During the last trade hour, atoms experienced chopped consolidation between $ 4,405 and $ 4,438. A remarkable sale at. 13:23 GMT then token hit session low in the middle of 56,962 units traded. Although the price got a little to close at $ 4,427, the overall pattern Bearish remained, with resistance to $ 4,438 and supported tested repeatedly near $ 4,405.
Despite positive ecosystem development – such as cosmos reaching 100 live chains and progress XRP integration via Cosmos SDK and IBC – the market basically ignored and focused on technical weakness. With several supports that break and sell in control, the path remains for the least resistance downward.
Technical indicators
- Critical support occurs at $ 4.39 with high volume confirmation and secondary floor of $ 4.50.
- Resistance wall is based on $ 4.62- $ 4.65 from early session tops.
- Downtrend acceleration warns of deeper losses against $ 4.30- $ 4.35 target zone when support levels fail.
- Time Action shows $ 4.44 Resistance Settlement Gains, while $ 4.41 Support provides temporary floor.
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