ATOM's price fell to $4.43 under heavy selling pressure, despite positive developments in the Cosmos ecosystem, indicating a bearish market sentiment.
ATOM tumbled 3.7% in the 24-hour session ending July 30, dropping from $4.60 to $4.43 due to intense selling pressure. The most significant decline occurred between 10:00 and 11:00 GMT, with a volume spike to 2.71 million. Despite positive news in the Cosmos ecosystem, technical weaknesses dominated market sentiment, leading to a bearish outlook with resistance at $4.438 and support at $4.405.