Latest news with #ATOM-USD
Yahoo
4 days ago
- Business
- Yahoo
ATOM Shows Resilience Amid Crypto Market Uncertainty
Uncertainty continues to shape cryptocurrency markets as ATOM trades within a tight range between $4.383 and $4.491. The Cosmos token has demonstrated remarkable stability despite heightened volatility in traditional markets, with strong buyer support emerging at key levels. Recent political developments have created a complex backdrop for digital assets, though ATOM's recovery pattern in the last trading hour suggests underlying strength amid the uncertainty. ATOM-USD traded in a 2.47% range over 24 hours, oscillating between $4.491 and $4.383. Strong volume support emerged at $4.437 during the 13:00 hour with above-average volume of 1.17M. Resistance level established at $4.479 during the 19:00 hour. Notable bearish move occurred at 21:00 when prices dropped to the period low of $4.383. Recovery pattern formed in the last hour, with ATOM climbing from $4.449 to $4.460 (0.25% gain). Significant volatility at 01:35 created a strong support level at $4.444 with exceptionally high volume (41.8M). Steady uptrend formed from 01:43 onward, establishing higher lows. Bullish momentum surge between 02:02-02:04 broke above the $4.458 resistance level. 60-minute trading range (1.35%) was tighter than previous day's volatility, suggesting consolidation with bullish bias. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
ATOM Shows Resilience Amid Crypto Market Uncertainty
Uncertainty continues to shape cryptocurrency markets as ATOM trades within a tight range between $4.383 and $4.491. The Cosmos token has demonstrated remarkable stability despite heightened volatility in traditional markets, with strong buyer support emerging at key levels. Recent political developments have created a complex backdrop for digital assets, though ATOM's recovery pattern in the last trading hour suggests underlying strength amid the uncertainty. ATOM-USD traded in a 2.47% range over 24 hours, oscillating between $4.491 and $4.383. Strong volume support emerged at $4.437 during the 13:00 hour with above-average volume of 1.17M. Resistance level established at $4.479 during the 19:00 hour. Notable bearish move occurred at 21:00 when prices dropped to the period low of $4.383. Recovery pattern formed in the last hour, with ATOM climbing from $4.449 to $4.460 (0.25% gain). Significant volatility at 01:35 created a strong support level at $4.444 with exceptionally high volume (41.8M). Steady uptrend formed from 01:43 onward, establishing higher lows. Bullish momentum surge between 02:02-02:04 broke above the $4.458 resistance level. 60-minute trading range (1.35%) was tighter than previous day's volatility, suggesting consolidation with bullish bias.
Yahoo
5 days ago
- Business
- Yahoo
ATOM Surges 5% Before Forming Bearish Head-and-Shoulders Pattern
Geopolitical tensions and evolving trade policies continue to shape cryptocurrency markets as stablecoin giant Circle prepares for its landmark NYSE listing. \ The company behind USDC has increased both share count and price range, signaling strong institutional confidence in the stablecoin sector despite ongoing regulatory uncertainty. Meanwhile, industry associations have issued a joint statement urging lawmakers to maintain focus on creating comprehensive stablecoin oversight without getting sidetracked by peripheral issues. ATOM has showed mixed signals to the news, rising by 5% before forming a bearish pattern known as a head-and-shoulders pattern. ATOM-USD demonstrated significant bullish momentum over 24 hours, surging from $4.307 to $4.532, representing a 5.22% range. Price action formed a clear uptrend with higher lows and higher highs between 20:00-01:00, breaking through key resistance at $4.42 with above-average volume (689K-1055K). Strong support established at $4.43-$4.44 following the breakout. In the last hour, ATOM-USD formed a head-and-shoulders pattern with decreasing volume on rebounds, suggesting weakening bullish momentum. Support at $4.44 was tested multiple times but ultimately failed to hold, indicating potential further downside if bearish momentum continues. Sign in to access your portfolio
Yahoo
02-05-2025
- Business
- Yahoo
ATOM Surges More Than 4% With Broader Market as Cosmos Ecosystem Attracts Institutions
The Cosmos ecosystem is gaining significant institutional attention amid broader market volatility, with ATOM showing remarkable resilience after recovering from a drop to $4.23 on April 30th to stabilize above $4.38. The price of ATOM rose more than 4% in the last 24 hours, while the broader market gauge CoinDesk 20 Index climbed nearly the same amount. This recovery comes as Canary Capital files for the first spot Sei ETF built on Cosmos SDK, featuring staking capabilities that could set a precedent for similar products across the ecosystem. Meanwhile, Figure's Provenance blockchain, also built with Cosmos SDK, has emerged as the leader in tokenized private credit with $9.9 billion in active loans, validating BlackRock CEO Larry Fink's vision that "every asset can be tokenized." ATOM-USD has demonstrated remarkable resilience over the analyzed period, recovering from a significant drop to $4.23 on April 30th to stabilize above $4.38 by May 1st. The overall range of $0.31 (6.9%) reflects moderate volatility, with strong support established at $4.30-$4.32, according to CoinDesk Research's technical analysis data. Recent price action shows a developing uptrend with higher lows forming since April 30th, accompanied by increasing volume during recovery phases. The Fibonacci retracement from the April 29th high suggests the current price has reclaimed the 61.8% level, with resistance at $4.41-$4.42 representing the next significant hurdle before potential continuation toward previous highs. ATOM-USD has shown significant volatility in the last 100 minutes, experiencing a sharp decline from $4.41 to a low of $4.35 before staging a recovery to $4.38. The price action formed a V-shaped pattern, with strong buying emerging at the $4.35-$4.36 support zone. This was accompanied by notably higher trading volumes during both the selloff (peaking at 103,987 units at 14:00) and subsequent recovery. Recent price movement has established a short-term uptrend with higher lows since 13:57, with the current price consolidating near $4.38-$4.39, suggesting stabilization after the earlier volatility and potential for continued upward momentum if the $4.39 resistance level can be breached. Disclaimer: 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. References: Bitcoinist, "", published April 7, 2025. Bitcoinist, "", published April 7, 2025. Blockworks, "", published April 30, 2025. CryptoNews, "", published April 24, 2025. Sign in to access your portfolio
