Cosmos’ ATOM token declined 9.25% on Friday, mirroring broad losses across crypto markets after Israel launched airstrikes on Iranian targets. ATOM fell from $4.43 to $4.02 before stabilizing near $4.08, where technical support appears to be forming.
Volume peaked around 2.8 million during the steepest part of the sell-off, with above-average accumulation noted between $4.04 and $4.09. Analysts suggest the formation of a short-term floor, though market sentiment remains fragile.
By contrast, bitcoin surged 54% year-over-year and continues to trade like a macro hedge, reaching a $2.08T market cap, reinforcing its emerging role as a digital safe haven.
