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Cosmos Faces Resistance at Bearish Order Block, Development Activity Flattens

July 4 (Cointime) -Cosmos (ATOM) is focused on reaching the $10 psychological level, but there are concerns about its short-term capacity to exceed that level due to some out-of-sync fundamental and technical indicators. Bitcoin (BTC) is fluctuating between $29.5k and $31.4k, with $30.8k being a key resistance level for bulls.

ATOM has rebounded since the massive slump on June 10 and is currently in an uptrend, but bulls will need to overcome a bearish order block at the range-high of the ascending channel near $10.1. Trading volumes and development activity have eased, which could affect long-term investors' confidence.

Bitcoin Bitcoin $99,355.21
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