Atom experienced strong volatility during a 23 -hour negotiation period from August 10 at 3:00 p.m. to August 11 at 2:00 p.m., balancing 6.20% between its high session of $ 4.77 and low $ 4.48. The Token recovered at the beginning of August 11, rising from $ 4.66 to $ 4.75 to 02:00 in the middle of an increase in the negotiation volume of 1,465 million units, establishing support about $ 4.69. However, the strong sales pressure arose at 07:00, conducting an atom up to $ 4.48 in 1,984 million negotiated units, with a resistance that forms around $ 4.71 as the institutional sale intensifies.
Despite the strong decline, Atom showed resilience in the last hour of the session. From 13:07 to 14:06, Token won 1.68%, from $ 4.49 to $ 4.56 as buyers exceeded the resistance to $ 4.50 and $ 4.53. An explosion of commercial activity, which includes a peak of 60,000 units between 13:46 and 13:47, helped solidify $ 4.54 as a new support level. This rebound of the late session hinted at a renewed institutional interest after the sale of the morning.
The feeling of the market towards the cosmos ecosystem received an impulse during the session after Coinbase announced the support for DYDX (Cosmosdydx)A decentralized finance platform built in the cosmos block chain. The list stressed the growing exchange integration with Cosmos -based projects, reinforcing confidence among investors and potentially influencing the short -term pricing action for ATOM.
Atom’s volatile trade stands out the impulse and impulse between institutional profits and opportunistic purchase in technical support levels. While the initial sale reflected a broader uncertainty in digital asset markets, rapid recovery suggests that some institutional players are positioning for upward potential as the Cosmos network continues to expand its associations and infrastructure footprint.
Technical indicators highlight key levels
- Negotiation range of $ 0.29 representing 6% volatility between $ 4.77 maximum and $ 4.48 minimum levels.
- The volume support established around $ 4.69 with 1,465 million units during the early session rally.
- Volume resistance created about $ 4.71 with 1,984 million units during institutional sale.
- New level of support established at $ 4.54 after the impulse of recovery and the interest of the buyer.
- Multiple resistance levels were broken at $ 4.50 and $ 4.53 during the late -session institutional purchase.
Discharge of responsibility: Parts of this article were generated with the assistance of artificial intelligence tools and reviewed by our editorial team to guarantee the precision and compliance with Our standards. For more information, see Coindesk’s complete policy.
