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By Oliver Knight, CD Analytics
Updated Jul 9, 2025, 3:57 p.m. Published Jul 9, 2025, 3:57 p.m.
- ATOM climbed from $4.05 to $4.21 reflecting a 4% advance, with trading bandwidth of $0.19 between session peak of $4.24 and trough of $4.05, showcasing strong bullish momentum despite mid-session fluctuations.
- Technical support zones around $4.09-$4.11 remained solid during overnight selling waves, while resistance at $4.17-$4.18 was effectively penetrated during the final recovery sequence, creating new consolidation territory above $4.20.
ATOM-USD sustained its robust recovery path during the final 60 minutes from 9 July 14:27 to 15:26, climbing from $4.22 to $4.21 despite opening volatility that witnessed the cryptocurrency test support near $4.18 around 14:30-14:45 before establishing a sustained upward movement.
The period showcased classic technical advancement with ATOM securing strong support around the $4.18 level during the first thirty minutes, followed by a decisive breakthrough above $4.20 at 14:56 that generated increased volume activity surpassing 46,000 units, ultimately creating new resistance around $4.21-$4.22 levels with decreasing volatility in the final minutes suggesting consolidation above key psychological support.
STORY CONTINUES BELOW
ATOM’s rise comes alongside renewed optimism across the altcoin market, with analysts suggesting a potential altcoin season if bitcoin can manage to form a new record high and consolidate.
Technical Indicators Signal Continued Strength
- Opening rally to $4.17 at 17:00 created key resistance zones around $4.17-$4.18.
- Solid support area established between $4.09-$4.11 during overnight decline.
- Volume surge exceeding 1.11 million during opening breakout sequence.
- Sustained recovery formation developed from 05:00 forward. • Enhanced trading volumes above 800,000 during key breakout instances.
- Final hour breakthrough above $4.20 generated volume increase surpassing 46,000 units.
- Fresh resistance created around $4.21-$4.22 zones.
- Decreasing volatility in final minutes suggests consolidation sequence.
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.
