ATOM Slides 5% Despite Efforts to Rebound, Reflecting Ongoing Bearish Sentiment

Cosmos Surpasses 100 Chains as ATOM Tests Support at $4.56 Amid Bearish Pressure

Cosmos’ ATOM token continues to face headwinds, falling 4.5% over the past 24 hours to $4.66 after failed attempts to reclaim higher ground. Despite the price decline, ecosystem development remains robust, with Cosmos surpassing 100 live chains on MapOfZones.

The network also saw a technical milestone with the debut of ShadeX, Cosmos’ first encrypted money market, leveraging CosmosSDK and CosmWasm to deliver enhanced privacy for DeFi applications. XRP’s integration into Cosmos via IBC and Cosmos SDK also continues to progress.

Price & Technical Overview

ATOM encountered persistent selling pressure after peaking at $4.95, with support emerging overnight at $4.56. A modest rebound toward $4.77 was met with renewed resistance, indicating continued bearish sentiment in the short term.

Key Metrics:

24-hour decline: 4.51%, from $4.88 to $4.66
Trading range: $0.37 (7.58% intraday volatility)
Resistance zone: $4.95, capped by strong volume (1.89M units)
Support levels: Formed around $4.56 and $4.63
Sharpest drop: 1.87% in one minute on high volume at 10:51 UTC
Late-session action: Recovery bids pushed price to session highs, signaling renewed interest

Despite short-term weakness in price action, Cosmos’ expanding infrastructure and cross-chain integrations could lay the groundwork for longer-term value realization.