ATOM Breaks Resistance Level as Trading Volume Triples

The Cosmos ecosystem token

demonstrated significant bullish momentum during a recent 24-hour period from 6 July 15:00 to 7 July 14:00, climbing from $4.05 to $4.10 with strong buyer support at key levels.

The move comes as bitcoin ambles its way back to the $110,000 level of resistance, a point it rejected from last week causing a day of decline across the altcoin market.

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ATOM is now well poised to continue to the upside as trading volume tripled over the past 24 hours, indicating optimism from traders.

Technical Analysis

  • ATOM-USD climbed from $4.05 to $4.10, representing a 1.23% gain during the 24-hour period from 6 July 15:00 to 7 July 14:00.
  • A significant breakout occurred at 21:00 on 6 July when volume surged to over 1 million units (3x the hourly average), pushing price through the $4.10 resistance level.
  • Price established a trading range of $0.097 (2.4%) with a high of $4.13.
  • Strong buyer interest confirmed at support zones between $4.03-$4.05, suggesting continued upward momentum.
  • During the 60-minute period from 7 July 13:05 to 14:04, ATOM exhibited a bullish breakout at 13:57-13:59, with price surging from $4.09 to $4.10 on elevated volume exceeding 20,000 units per minute.
  • Clear support zone established at $4.07-$4.08 during mid-period consolidation before the final rally.
  • Price pushed up 0.5% from period low to high ($4.07 to $4.10).
  • Closing hour showed profit-taking with price settling at $4.09, still maintaining most gains and forming a higher low compared to opening price.

CD20 Index Whipsaws as Market Indecision Intensifies

CD20 Volatility Signals Market Uncertainty The CD20 displayed notable volatility over the last 24 hours from 6 July 15:00 to 7 July 14:00, with a significant range of $21.06 (1.18%) between the low of $1772.50 and high of $1793.57.

After reaching a peak during the early hours of 7 July, the index experienced a sharp correction, dropping to $1772.50 at 13:00 before staging a recovery to close at $1780.94, suggesting market indecision as traders navigate between profit-taking and renewed buying interest.

Source: https://www.coindesk.com/markets/2025/07/07/atom-breaks-resistance-level-as-trading-volume-triples