20 hours ago
ATOM tumbled 3.7% successful the 24-hour league ending July 30 astatine 14:00 GMT, falling from $4.60 to $4.43 nether aggravated selling pressure. The astir assertive driblet occurred betwixt 10:00 and 11:00 GMT, erstwhile the terms plummeted from $4.48 to $4.39 connected an detonation of measurement to 2.71 million—nearly triple the regular average. This steep diminution underscores the dominance of sellers and the nonaccomplishment of caller enactment levels to hold.
In the last hr of trading, ATOM experienced choppy consolidation betwixt $4.405 and $4.438. A notable selloff astatine 13:23 GMT saw the token deed league lows amid 56,962 units traded. Though the terms recovered somewhat to adjacent astatine $4.427, the wide signifier remained bearish, with absorption astatine $4.438 and enactment tested repeatedly adjacent $4.405.
Despite affirmative ecosystem developments—such arsenic Cosmos reaching 100 unrecorded chains and progressing XRP integration via the Cosmos SDK and IBC—the marketplace ignored fundamentals and focused connected method weakness. With aggregate supports breaking and sellers firmly successful control, the way of slightest absorption remains downward.
Technical Indicators
- Critical enactment emerges astatine $4.39 with high-volume confirmation and secondary level astatine $4.50.
- Resistance partition builds astatine $4.62-$4.65 from aboriginal league peaks.
- Downtrend acceleration warns of deeper losses toward $4.30-$4.35 people portion arsenic enactment levels neglect .
- Hourly enactment shows $4.44 absorption capping gains portion $4.41 enactment provides impermanent floor.
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