ATOM increased 4% of $ 4.36 to $ 4.55 in 24 hours to 15:00 UTC on August 8, breaking the key resistance in an exceptional volume of 2.19 million units that far exceeded daily averages. The rally was fed by a strong institutional purchase of cosmos ecosystem tokens, a movement linked to the launch of Dydx coinbase (Cosmosdydx) Support on your native network. Market analysts say that expansion strengthens the bridge between centralized and decentralized trade, reflecting the growing institutional interest in interoperable blockchain infrastructure.
The impulse, however, faded rapidly in the last hour of trade. Between 14:39 and 15:38, ATOM was abruptly, it first increased to $ 4.60 before sliding to $ 4.56, marking a loss per hour of 0.52%. The mass sale accelerated when the Token broke below $ 4.58 support at 15:03, which caused the concentrated sale of 26,000 units in a period of four minutes. At the close, the negotiation volume had evaporated to zero, pointing out exhaustion and leaving the range of $ 4.58– $ 4.60 as a new area of resistance to general expenses.
The price action was developed in a broader context of the market where Bitcoin tested the resistance of $ 116,000 and the institutional whales rotated capital in high capitalization and public services tokens. Within the cosmos ecosystem, the wave of Atom and abrupt investment underlined both the force of institutional demand and the fragility of short -term manifestations. Merchants now see $ 4.55 as critical support and are observing whether renewed purchase interest can exceed resistance and restore the ascending impulse.
Technical indicators breakdown
- ATOM rises from $ 4.36 to $ 4.55 for 4% gain with a negotiation range of $ 0.34 between $ 4.32 minimums and $ 4.67 maximums.
- The key rupture occurs at 13:00 on August 8 when the atom explodes through $ 4.55 resistance, increasing to $ 4.65 in a massive volume of 2.19 million units.
- The negotiation volume crushes the average of 1.35 million 24 hours, confirming the rest of the high volume resistance.
- Strong support arises at $ 4.46 where buyers intervene repeatedly.
- The $ 4.55- $ 4.67 area now acts as a critical resistance after the failed attempt of rupture.
- Finals 60 minutes from August 8, 14:39 to 15:38 See dramatic investment, initially rising from $ 4.58 to $ 4.60 session on the session.
- Heavy sales hits for 15: 03-15: 07 period when ATOM breaks $ 4.58 support.
- Commerce dies in final minutes with zero volume at 15:38.
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