BTC
$108,371.99
+
0.39%
ETH
$2,573.42
+
1.98%
FDUSD
$0.9982
+
0.02%
USDT
$1.0001
+
0.01%
XRP
$2.2872
–
1.34%
BNB
$658.44
+
0.18%
SOL
$150.17
–
0.10%
USDC
$0.9999
–
0.00%
TRX
$0.2862
+
0.01%
DOGE
$0.1695
+
1.49%
ADA
$0.5815
+
0.30%
HYPE
$37.76
–
3.47%
BCH
$502.81
+
2.29%
SUI
$2.8784
+
0.46%
WBT
$44.70
–
0.40%
LINK
$13.54
+
1.01%
LEO
$9.0648
–
0.10%
XLM
$0.2536
+
1.19%
AVAX
$18.04
+
0.74%
SHIB
$0.0₄1182
+
2.71%
By Oliver Knight, CD Analytics
Updated Jul 8, 2025, 3:00 p.m. Published Jul 8, 2025, 3:00 p.m.
- ATOM held firm above the key $4.00 level, supported by sophisticated buyer interest and systematic and significant volume.
- Broader crypto sentiment is improving, driven by public companies adopting Bitcoin; if BTC sets a new high and consolidates, ATOM may benefit in a potential “altcoin season.”
- Trading bandwidth of $0.12 (3% range) with significant volume spikes at both support ($4.00) and resistance ($4.113) suggests a coiled setup for a possible bullish breakout.
Cosmos’ ATOM token displayed market resilience on Tuesday, holding firm above the $4.00 level of support as it looks towards a bullish break out.
The wider market is experiencing a boost in positive sentiment, notably led by a wrath of public companies that are adopting bitcoin as a treasury asset.
STORY CONTINUES BELOW
The altcoin market has remained rather muted during this cycle, although if bitcoin forms a new record high and begins to consolidate, altcoins like ATOM would be positioned to benefit from a long-await “altcoin season.”
Technical analysis
- Sophisticated buyer interest confirmed at $4.00 psychological level with volume of 471,851 units exceeding established institutional trading averages.
- Algorithmic selling pressure materialized near $4.113 on elevated volume of 799,835 units during final trading hours.
- Exceptional institutional activity at 13:44 with 113,169 units triggering systematic buying programs from $4.099 to $4.107.
- $0.12 trading bandwidth between $3.997 and $4.113 representing 3% of total price movement within professional risk management parameters.
- Settlement around $4.097 following systematic advance to session high of $4.113.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
