Cosmos’ ATOM Slides 4% as Sellers Regain Control

ATOM Drops Nearly 4% as Selling Pressure Mounts and Volume Surges

Cosmos’ ATOM token fell 3.7% in the 24 hours ending July 30 at 14:00 GMT, sliding from $4.60 to $4.43 amid a wave of aggressive selling. The sharpest losses occurred between 10:00 and 11:00 GMT, when prices plunged from $4.48 to $4.39 on a volume spike to 2.71 million — nearly triple the average — signaling heavy institutional liquidation.

The final hour of trading offered little relief, with ATOM trapped in a narrow range between $4.405 and $4.438. A selloff at 13:23 GMT drove the token to session lows, as nearly 57,000 units changed hands. Despite a slight rebound to $4.427 into the close, the structure remained decisively bearish.

Notably, the technical breakdown came even as the Cosmos ecosystem notched key milestones, including surpassing 100 live chains and advancing XRP integration through the Cosmos SDK and IBC. However, those developments were largely overshadowed by the chart-driven momentum shift.

Technical Snapshot

Support Levels: $4.39 marks the critical short-term floor; $4.41 offers interim support
Resistance Zones: Immediate resistance at $4.44, with stronger barriers at $4.62–$4.65
Momentum: Accelerating downside suggests risk of a move toward $4.30–$4.35
Price Range: Intraday swing of 5.1%, with high-volume rejections near session highs

The breakdown below multiple support zones, coupled with elevated sell-side volume, indicates bears remain firmly in control. Unless sentiment shifts or buying interest returns at lower levels, ATOM may continue to grind lower in the sessions ahead.