ATOM Tumbles 4% as Sellers Target Critical $4 Support Level

Cosmos’ atom token has fallen by 4%in the last 24 hours when Thursday’s short -term crypt rally stopped on Friday.

Market volatility was lower on Friday, partly because of the nation 4 July in the US

Bitcoin tried to make a new record on Thursday, but only short, slipped from $ 11,000 to $ 108,000, with most altcoins like Atom, after its lead.

Technical analysis

• Atom-USD experienced a remarkable decline of $ 0.17 (3.95%) During the 24 -hour period from 3 July 15:00 to 4 July 14:00, the price dropped from 4.22 to $ 4.06.
• The asset created a clear descending strike after failing to maintain support at $ 4.17, with a high volume appearing at $ 4.09.
• The volume appeared at 588,338 units-at 7:00 pm.
• More attempts to establish support near $ 4.07 have been rejected, indicating ongoing bear dynamics.
• During the 60-minute period from 4 July 13:06 to 14:05 atom-USD decreased by $ 0.03 (0.61%)a decline from $ 4.09 to $ 4.06.
• A short recovery attempt appeared at 13:53, when the price reached $ 4.07, but the momentum could not be maintained when the sellers returned.
• The formula of lower maximum and lower minimum confirms the continuation of the wider bear trend, which is close to the psychological level of support of $ 4.00.

The CD20 Index throws itself to 2%because the sentiment of the market crypto deteriorates

The CD20 has experienced a remarkable bear trend in the last 24 hours from 3 July 15:00 to 4 July 14:00, which decreases from 1 803.70 to $ 1,765.27, which is a significant decline of $ 38.43 or $ 2.13%.

Total range of $ 38.84 (2.15%) It emphasizes the persistent sales pressure, with a particularly accelerated momentum down in the last hours when the index reached its lowest point of $ 1,764.86 at 14:00, indicating the deteriorating market sentiment despite short attempts to consolidate around $ 1,780.