ATOM Falls Under $4 Amid Heightened Selling Pressure
Crypto/Market Analysis
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ATOM Falls Under $4 Amid Heightened Selling Pressure

The Cosmos token faced a 5% volatility spike due to broader market uncertainties despite efforts for recovery.

Key Highlights:

  • ATOM-USD experienced sharp price fluctuations between June 30 and July 1, dropping beneath the significant $4.00 mark after facing resistance at $4.18.
  • A late attempt for recovery occurred with rising purchase volumes in the last hours, though ATOM remains sensitive with immediate resistance noted at $4.02 and support at $3.98.

Global trade tensions and evolving monetary policies are prominently affecting cryptocurrency markets, leading to notable volatility in ATOM’s recent trading patterns. During the 24-hour timeframe from June 30 at 15:00 until July 1 at 14:00, ATOM-USD traded within a 5.1% range, contending with persistent selling pressure despite the late recovery attempt featuring increasing buy volumes.

In the last hour, ATOM exhibited a growth spurt, rising from $4.004 to $4.024, marking a 0.5% gain as it formed an upward trend with rising volumes during critical periods.

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