ATOM's Price Swings 5.1% Amid Global Trade Tensions

ATOM, the native token of the Cosmos blockchain, experienced a tumultuous 24-hour period from June 30 to July 1, as it faced significant selling pressure and volatility. The token's price swung within a 5.1% range, briefly dipping below the psychological $4.00 level after encountering resistance at $4.18. Despite a late recovery attempt with increasing buy volume in the final hours, ATOM remained vulnerable, with immediate resistance at $4.02 and support at $3.98.

Global trade tensions and shifting monetary policies continued to influence cryptocurrency markets, contributing to ATOM's volatility. The token's price action exhibited significant volatility, with a clear resistance zone forming around $4.16-$4.18 and support breaking at $4.04 with heavy volume. Despite the late recovery attempt, ATOM's price action remained uncertain, with the token's immediate resistance and support levels indicating potential for further volatility.

In the last 60 minutes of the trading period, ATOM-USD demonstrated bullish momentum, rising from $4.004 to $4.024, a 0.5% gain. The price action formed a clear uptrend with increasing volume, establishing a local high of $4.032 and creating new resistance at $4.03 while maintaining support at $4.02. However, the overall volatility and uncertainty in the broader market suggest that ATOM's price action may continue to be influenced by external factors, and the token's immediate resistance and support levels may shift in the coming days.

According to the analyst's forecast, the broader market uncertainty and global trade tensions may continue to impact ATOM's price action in the near term. The token's immediate resistance and support levels, as well as its overall volatility, suggest that investors should remain cautious and monitor the broader market trends closely. As the cryptocurrency market continues to evolve, ATOM's price action may be influenced by a range of factors, including regulatory developments, technological advancements, and shifts in investor sentiment.