Atom rose 4% from $ 4.36 to $ 4,55 over 24 hours to 15:00 UTC on August 8 and broke through key resistance at unique 2.19 million unit volume that far exceeded daily average. The rally was driven by heavy institutional purchase of the cosmos ecosystem -tokens, a trait linked to Coinbases launch of Dydx (Cosmosdydx) Support on its original network. Market analysts say the expansion strengthens the bridge between centralized and decentralized trade, reflecting increasing institutional interest in interoperable blockchain infrastructure.
However, Momentum faded rapidly in the last trade hour. Between 14:39 and 15:38 atom whipped atoms sharply, first spiking to $ 4.60, before slipping to $ 4.56, marking a 0.52% hour loss. The sale accelerated as the token broke under $ 4,58 support at. 15:03, triggering concentrated sales of 26,000 units over a four -minute period. At the close, trade volume had evaporated to zero, signaling of exhaustion, and left the range $ 4,58- $ 4.60 as a new overhead resort zone.
Price action unfolded in a wider market background in which Bitcoin tested $ 116,000 resistance and institutional whales rotated capital for Alt-Cap Altcoins and utility tokens. Within the cosmos ecosystem, the Wave of Atom and sudden reversing emphasized both the strength of the institutional demand and the fragility of short-term events. Dealers now consider $ 4.55 as critical support and keep an eye on whether renewed buying interest can overcome resistance and restore momentum upwards.
Technical indicators collapse
- Atom climbs from $ 4.36 to $ 4.55 for a 4% gain with $ 0.34 trading range between $ 4.32 low and $ 4.67 heights.
- Key Breakout occurs at 1 p.m. 13:00 on August 8, when atom explodes through $ 4.55 resistance, and spikes to $ 4.65 on a massive 2.19 million unit volume.
- Trade volume crushes 24-hour average of 1.35 million, confirming the high-volume resistance break.
- Strong support arises at $ 4.46 where buyers are repeatedly stepping.
- The $ 4,55- $ 4.67 zone now acts as critical resistance after failed breakout attempt.
- Final 60 minutes from August 8, 14:39 to 15:38 See dramatic reversing that originally climbed from $ 4,58 to $ 4.60 session high.
- Heavy selling hits during 15: 03-15: 07 period when atom breaks $ 4.58 support.
- Trade dies in the final minutes with zero volume at. 15:38.
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