Cosmos (ATOM) recorded a substantial drop on Monday, July 14, falling more than 2% after reaching $4.85 and closing at $4.56. The price recovered on Tuesday, rising 2.35% and closing at $4.67. Buyers maintained control on Wednesday, when ATOM rose nearly 2% and closed at $4.76. The price fell to an intraday low of $4.64 on Thursday, as selling pressure intensified. It rebounded from this level to record an increase of 1.97%, crossing the 200-day simple moving average (SMA) and closing at $4.85. ATOM reached an intraday high of $5.16 on Friday. However, it could not hold this level and retraced to $4.85.
The price remained positive over the weekend, with ATOM rising 3.56% on Saturday and 3.47% on Sunday, surpassing $5 and closing at $5.19. ATOM recorded a slight decline on Monday, starting the week in the red numbers. Sellers maintained control on Tuesday, with a 1.53% drop in price, closing at $5.11 after hitting a low of $4.91. Bearish sentiment intensified on Wednesday, with a drop of nearly 8% in price, falling below the 200-day simple moving average (SMA) and closing at $4.70. In the current session, ATOM is trading at $4.712