Latest news with #ATOM-USD
Yahoo
16-07-2025
- Business
- Yahoo
ATOM Surges 4% as Cosmos Abandons EVM Strategy for Interoperability Focus
ATOM rose by 4% on Wednesday after Cosmos executives terminated EVM development to concentrate on blockchain interoperability by advancing its own IBC protocol. The news was met well by investors as it sees Cosmos extend its position as a standalone blockchain with its own tech stacks it can rely on. The wider market is also up on Wednesday as investors begin to question whether the market is entering a long-awaited "altcoin season," with a number of data points suggesting capital is shifting from BTC to altcoins like ATOM. Technical Breakout Signals Bullish Reversal ATOM-USD surged 4% in 24-hour trading from July 15 16:00 to July 16 15:00, breaking through resistance at $4.69 to hit $4.71 highs. The token bounced sharply from $4.55 support, posting a $0.17 trading range that represents significant volatility expansion from recent sessions. Volume spiked above daily averages during the $4.55 reversal and $4.69 breakout, confirming institutional buying interest at key technical levels. Intraday action from July 16 14:33 to 15:32 shows continued momentum with $0.05 range between $4.66-$4.71 support and resistance zones. ATOM broke higher at 14:45, hitting session peaks near 15:04 on volume exceeding 66,000 units before consolidating around $4.69. The 1% hourly gain extends the 24-hour rally, with price holding above $4.66 support signaling sustained institutional accumulation. 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.
Yahoo
09-07-2025
- Business
- Yahoo
ATOM Shows Resilient Recovery Despite Volatile Trading Session
ATOM-USD sustained its robust recovery path during the final 60 minutes from 9 July 14:27 to 15:26, climbing from $4.22 to $4.21 despite opening volatility that witnessed the cryptocurrency test support near $4.18 around 14:30-14:45 before establishing a sustained upward movement. The period showcased classic technical advancement with ATOM securing strong support around the $4.18 level during the first thirty minutes, followed by a decisive breakthrough above $4.20 at 14:56 that generated increased volume activity surpassing 46,000 units, ultimately creating new resistance around $4.21-$4.22 levels with decreasing volatility in the final minutes suggesting consolidation above key psychological support. ATOM's rise comes alongside renewed optimism across the altcoin market, with analysts suggesting a potential altcoin season if bitcoin can manage to form a new record high and consolidate. Technical Indicators Signal Continued Strength Opening rally to $4.17 at 17:00 created key resistance zones around $4.17-$4.18. Solid support area established between $4.09-$4.11 during overnight decline. Volume surge exceeding 1.11 million during opening breakout sequence. Sustained recovery formation developed from 05:00 forward. • Enhanced trading volumes above 800,000 during key breakout instances. Final hour breakthrough above $4.20 generated volume increase surpassing 46,000 units. Fresh resistance created around $4.21-$4.22 zones. Decreasing volatility in final minutes suggests consolidation sequence. 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
01-07-2025
- Business
- Yahoo
ATOM Plunges Below $4 as Selling Pressure Intensifies
Global trade tensions and shifting monetary policies continue to influence cryptocurrency markets, with ATOM showing notable volatility in recent trading. During the 24-hour period from 30 June 15:00 to 1 July 14:00, ATOM-USD traded within a 5.1% range, facing consistent selling pressure despite a late recovery attempt with increasing buy volume. The cryptocurrency briefly dipped below $4.00 before showing signs of short-term bullish momentum in the final trading hour. Technical Analysis: ATOM's Price Action ATOM-USD exhibited significant volatility with an overall range of $0.207 (5.1%) during the 24-hour period from 30 June 15:00 to 1 July 14:00. • Price formed a clear resistance zone around $4.16-$4.18 with above-average volume (804K) during the 19:00 hour. Support at $4.04 broke with heavy volume (562K) at 04:00, pushing ATOM below the psychological $4.00 level. Despite a late recovery attempt with increasing buy volume in the final hours, ATOM remains vulnerable with immediate resistance at $4.02 and support at $3.98. In the last 60 minutes from 1 July 13:06 to 14:05, ATOM-USD demonstrated bullish momentum, rising from $4.004 to $4.024 (0.5% gain). Price action formed a clear uptrend with increasing volume (44.9K) during the 13:44 hour. Local high of $4.032 established at 13:53, creating new resistance at $4.03 while maintaining support at $4.02.
Yahoo
26-06-2025
- Business
- Yahoo
ATOM Surges 3.6% Amid Strong Volume Swings at Key Support Levels
The ATOM token experienced notable volatility from June 24 15:00 to June 25 14:00, establishing key resistance at $4.14 and finding support around $3.99, with substantial trading volumes suggesting strong market interest at these price points. This price action comes as major institutional players like Nano Labs begin diversifying beyond Bitcoin, potentially unlocking fresh liquidity for previously overlooked altcoins in the ecosystem. Technical Analysis Highlights ATOM-USD exhibited a trading range of $0.145 (3.6%) over the 24-hour period from 24 June 15:00 to 25 June 14:00, moving from a high of $4.140 to a low of $3.994. Significant volatility occurred during the 16:00 hour on June 24th, with price surging to session highs on above-average volume (1.36M), establishing resistance at $4.14. Support emerged around the $3.994-$4.005 zone during the 09:00 hour on June 25th with substantial volume (1.02M), suggesting strong buyer interest. Price recovered to $4.060, forming a potential higher low pattern that could signal a short-term bullish reversal if volume supports upward movement. In the last 60 minutes from 25 June 13:06 to 14:05, ATOM-USD displayed 1.3% volatility with a price range of $0.054. A key resistance zone formed around $4.060-$4.061 between 13:45-13:47, with significant volume spikes (80.2K) during the 13:37 period. A brief selloff at 13:50 pushed prices to $4.049, but buyers quickly established support at $4.045. The subsequent recovery formed a higher low pattern indicating potential bullish momentum heading into the next session. 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
24-06-2025
- Business
- Yahoo
Cosmos' ATOM Surges 10% in High-Volume Breakout Rally
Uncertainty in the Middle East between Iran and Israel continues to shape cryptocurrency performance as ATOM demonstrates remarkable strength with a decisive breakout. The cryptocurrency surged from $3.787 to $4.042, establishing new support above the psychological $4.00 level with strong buyer conviction. Technical Analysis ATOM-USD demonstrated a 6.73% gain over 24 hours, with a total price range of $0.359 (9.52%). The decisive breakout occurred at 22:00 on June 23rd, with price surging through the $4.00 resistance level. Trading volume during the breakout reached 2,027,234 units, nearly double the 24-hour SMA of 1,023,000. A new high-volume resistance level was established at $4.09. • Post-breakout, ATOM maintained support above $4.00 with decreasing volatility, suggesting consolidation. In the most recent hour, ATOM experienced a bullish breakout at 12:03, surging from $4.035 to $4.042. This mini-rally continued to $4.046 at 12:04, representing a 1.0% gain within just two minutes. The exceptionally high volume during this move (108,229 units at 12:03, followed by 91,550 units at 12:04) indicates strong buyer conviction. 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
