Latest news with #ATOM
Yahoo
2 days ago
- Business
- Yahoo
ATOM Holds Firm in Range as Institutions Dictate Price Action
ATOM traded in a tight range over the past 24 hours, with price action dominated by institutional flows. Between Aug. 11 at 15:00 and Aug. 12 at 14:00, the token swung 4% between $4.65 and $4.47. Heavy selling from $4.65 to $4.45 on Aug. 11 gave way to strong buying the following morning, with volumes spiking to 1.93 million tokens. Resistance formed at $4.60, while repeated bounces from $4.47–$4.48 highlighted a firm support zone. The Cosmos ecosystem also got a boost from Coinbase's listing of dYdX (COSMOSDYDX), which jumped from $0.59 to $0.63 on the news. ATOM's recent price behavior fits an accumulation pattern between $4.47 and $4.60, with strategists eyeing potential upside to $5.48 by 2025 as institutional adoption grows. The final hour of trading saw renewed volatility, with ATOM sliding 1% from $4.57 to $4.51 in 22 minutes as sellers overpowered support at $4.55 and $4.53. Elevated volumes during the drop confirmed profit-taking and repositioning, underscoring a consolidation phase with clear institutional boundaries on both sides. Overall institutional trading range of $0.18 representing 4% spread between maximum of $4.65 and minimum of $4.47. Pronounced institutional selling from August 11 at 16:00 through 22:00, declining from $4.65 to $4.45. Exceptional institutional trading volume of 1,927,633 units during August 12 11:00-12:00 recovery phase. Key institutional resistance level established at $4.60 where profit-taking occurred on strong volume. Institutional support zone materialized around $4.47-$4.48 with multiple successful accumulation phases. Clear institutional resistance at $4.57 level with intensified selling pressure during final trading hour. Accelerated institutional repositioning through support levels at $4.55 and $4.53. Modest institutional recovery attempt from $4.51 support establishing consolidation range $4.52-$4.53. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Yahoo
2 days ago
- Business
- Yahoo
ATOM Rebounds After Sharp 6% Swing in Volatile Trading Session
ATOM experienced sharp volatility over a 23-hour trading period from August 10 at 15:00 to August 11 at 14:00, swinging 6.20% between its $4.77 session high and $4.48 low. The token rallied early on August 11, climbing from $4.66 to $4.75 at 02:00 amid a surge in trading volume of 1.465 million units, establishing support near $4.69. However, heavy selling pressure emerged at 07:00, driving ATOM down to $4.48 on 1.984 million units traded, with resistance forming around $4.71 as institutional selling intensified. Despite the sharp decline, ATOM showed resilience in the final hour of the session. From 13:07 to 14:06, the token gained 1.68%, moving from $4.49 to $4.56 as buyers overcame resistance at $4.50 and $4.53. A burst of trading activity, including a 60,000-unit spike between 13:46 and 13:47, helped solidify $4.54 as a new support level. This late-session rebound hinted at renewed institutional interest following the morning's selloff. Market sentiment toward the Cosmos ecosystem received a boost during the session after Coinbase announced support for dYdX (COSMOSDYDX), a decentralized finance platform built on the Cosmos blockchain. The listing underscored growing exchange integration with Cosmos-based projects, bolstering confidence among investors and potentially influencing short-term price action for ATOM. ATOM's volatile trading highlights the push and pull between institutional profit-taking and opportunistic buying at technical support levels. While the initial selloff reflected broader uncertainty in digital asset markets, the rapid recovery suggests that some institutional players are positioning for potential upside as the Cosmos network continues to expand its partnerships and infrastructure footprint. Trading range of $0.29 representing 6% volatility between $4.77 maximum and $4.48 minimum levels. Volume support established around $4.69 with 1.465 million units during early session rally. Volume resistance created near $4.71 with 1.984 million units during institutional selling. New support level established at $4.54 following recovery momentum and buyer interest. Multiple resistance levels broken at $4.50 and $4.53 during late-session institutional buying. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
ATOM Jumps 4% on Institutional Demand Before Late-Hour Reversal
ATOM surged 4% from $4.36 to $4.55 in the 24 hours to 15:00 UTC on Aug. 8, breaking through key resistance on exceptional 2.19 million-unit volume that far exceeded daily averages. The rally was fueled by heavy institutional buying of Cosmos ecosystem tokens, a move linked to Coinbase's launch of dYdX (COSMOSDYDX) support on its native network. Market analysts say the expansion strengthens the bridge between centralized and decentralized trading, reflecting rising institutional interest in interoperable blockchain infrastructure. Momentum, however, faded quickly in the final hour of trading. Between 14:39 and 15:38, ATOM whipsawed sharply, first spiking to $4.60 before sliding to $4.56, marking a 0.52% hourly loss. The selloff accelerated when the token broke below $4.58 support at 15:03, triggering concentrated selling of 26,000 units over a four-minute span. By the close, trading volume had evaporated to zero, signaling exhaustion and leaving the $4.58–$4.60 range as a new overhead resistance zone. The price action unfolded against a broader market backdrop where Bitcoin tested $116,000 resistance and institutional whales rotated capital into large-cap altcoins and utility tokens. Within the Cosmos ecosystem, ATOM's surge and abrupt reversal underscored both the strength of institutional demand and the fragility of short-term rallies. Traders now view $4.55 as critical support and are watching for whether renewed buying interest can overcome resistance and reestablish upward momentum. ATOM climbs from $4.36 to $4.55 for a 4% gain with $0.34 trading range between $4.32 lows and $4.67 highs. Key breakout occurs at 13:00 on 8 August when ATOM explodes through $4.55 resistance, spiking to $4.65 on massive 2.19 million unit volume. Trading volume crushes 24-hour average of 1.35 million, confirming high-volume resistance break. Strong support emerges at $4.46 where buyers step in repeatedly. The $4.55-$4.67 zone now acts as critical resistance after failed breakout attempt. Final 60 minutes from 8 August 14:39 to 15:38 see dramatic reversal, initially climbing from $4.58 to $4.60 session high. Heavy selling hits during 15:03-15:07 period when ATOM breaks $4.58 support. Trading dies in final minutes with zero volume at 15:38. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Yahoo
07-08-2025
- Business
- Yahoo
ATOM Surges 3% as Cosmos Ecosystem Gains Exchange Support
ATOM posts volatile trading in the final hour from 13:06 to 14:05 on August 7. Price climbs from $4.41 to $4.43 peak at 13:40 before sliding back to $4.41. Net decline hits 0.02%. Volume spikes to 37,187 units at 13:39, pushing price above $4.42 resistance. New resistance forms at $4.43. Selling pressure emerges as volume fades toward session close. Price consolidates around $4.41 support. ATOM jumps 3.40% in 23-hour window from August 6 15:00 to August 7 14:00. Breaks key resistance on heavy volume. Coinbase lists COSMOSDYDX token on roadmap. Exchange announces direct dYdX support on native Cosmos network. Cronos (CRO) rockets 76% over 30 days. Protocol upgrades and ETF speculation with drive gains. Cosmos ecosystem accelerates as ATOM climbs from $4.26 to $4.41. Trading volume surges. Coinbase embraces Cosmos projects including dYdX native integration. Rally coincides with broader market rotation. Investors pivot to decentralized alternatives amid trade tensions. Monetary policy uncertainty weighs on traditional markets. ATOM delivers strong bullish momentum over 23 hours from August 6 15:00 to August 7 14:00. Price surges from $4.26 to $4.41, posting 3.40% gain with $0.18 range. Token establishes critical support at $4.29. High-volume confirmation during multiple retests. Resistance emerges at $4.34 before decisive break at 10:00 session. Volume hits exceptional 1,695,921 units. Breakout above $4.34 resistance backed by volume exceeding 24-hour average of 674,298 units. Technical structure stays constructive. Higher lows pattern intact. Momentum indicators support further upside. Breakout targets $4.43 Fibonacci extension level. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Yahoo
06-08-2025
- Business
- Yahoo
ATOM Rebounds Sharply After Sudden Drop, Fueled by Volume Surge and Ecosystem News
Cosmos' ATOM token staged a swift recovery during a volatile 23-hour stretch from August 5 at 15:00 UTC to August 6 at 14:00 UTC. After plunging from $4.236 to $4.133 in just one hour early August 6, ATOM rebounded to $4.235 by 05:00. The rally was backed by a surge in trading volume to 1,046,473 units—worth approximately $4.38 million—well above the 24-hour average of 708,926 units. Buyers defended key support at $4.149, with bullish momentum carrying into the session close. In the final hour, ATOM climbed from $4.178 to $4.206, a 0.67% rise, as volume spiked to 59,513 units—about $250,000 in value—at 14:02 UTC. The move confirmed a breakout above the $4.20 resistance level. Catalyzing the recovery was news that Coinbase added COSMOSDYDX to its listing roadmap, signaling growing institutional interest in the Cosmos SDK ecosystem. The listing, tied to the dYdX decentralized derivatives exchange, highlighted renewed confidence in Cosmos-based infrastructure projects. With macro sentiment improving and volume surging during key reversal periods, ATOM's price action suggests building momentum across the broader Cosmos ecosystem—even amid wider crypto market turbulence. Technical Indicators Breakdown ATOM swings wildly during 23-hour period from August 5 15:00 to August 6 14:00. Range hits $0.12, representing 3% between $4.24 maximum and $4.13 minimum. Token crashes from $4.24 to $4.13 during August 6 03:00-04:00. Recovery surges to $4.24 at 05:00. Volume explodes to 1,046,473 units, crushing 24-hour average of 708,926. High-volume support builds around $4.15. Final 60 minutes from August 6 13:08 to 14:07 show bullish momentum. Sustained uptrend drives price from $4.18 to $4.21, gaining 1%. Volume spikes hit 59,513 units at 14:02. Breakout confirms above $4.20 resistance established earlier. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
