Buyers defend the $4.40 zone as Cosmos eyes resistance retest
Cosmos (ATOM) has gained 2% over the past day, bouncing from a strong support area and showing renewed signs of resilience. The token is now trading near $4.59, reclaiming momentum after weeks of choppy sideways movement.
According to the latest 4-hour chart, ATOM has successfully defended the $4.40 demand zone, where buyers stepped in to halt a string of pullbacks. The green support level has been tested multiple times this month, each time triggering a recovery bounce.
On the upside, immediate resistance is visible around $4.80, with a heavier supply zone above $5.00–$5.10. A breakout through this barrier would open the door toward retesting July’s peak near $5.40, but analysts caution that sellers remain active at these levels.
Earlier this summer, ATOM staged an impressive rally, breaking out of an ascending channel pattern and pushing above $5 before encountering distribution pressure. Since then, the market has shifted into a consolidation phase, with clear range-bound dynamics between $4.40 and $5.00.
“The current structure suggests accumulation. As long as $4.40 holds, the bias leans toward a gradual grind higher, even if volatility remains elevated,” BITX market strategist commented.
Cosmos continues to attract attention thanks to its role as an interoperability hub for blockchain networks. Although broader market uncertainty has weighed on altcoins, ATOM’s ability to defend its base has kept investor sentiment constructive.
Trading volumes remain steady, signaling that both short-term traders and long-term holders are actively participating. “ATOM has built a reliable floor. If sentiment across majors like Bitcoin and Ethereum improves, ATOM could be among the first mid-caps to break out of its range,” According to BITX analysts .
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.