Atom experienced sharp volatility over a 23-hour trade period from August 10 at. 15.00 to 11 August at. 14:00, and swung 6.20% between its $ 4.77 session high and $ 4.48 low. The token gathered early on August 11 and climbed from $ 4.66 to $ 4.75 at. 02:00 in the middle of an increase in trading volume of 1.465 million units, establishing support near $ 4.69. However, heavy sales pressure occurred at. 07:00 and drove atoms down to $ 4.48 of 1.984 million traded units, with resistance forming about $ 4.71 when institutional sales were intensified.
Despite the sharp fall, atomic resilience showed in the last hour of the session. From 13:07 to 14:06 the token rose 1.68%and moved from $ 4.49 to $ 4.56 when buyers overcame resistance to $ 4.50 and $ 4.53. A burst of trading activity, including a 60,000 unit increase between 13:46 and 13:47, helped solidify $ 4.54 as a new support level. This rebound-rope hinted at renewed institutional interest after morning sales.
Market mood against the cosmos ecosystem received a boost during the session after Coinbase announced support for Dydx (Cosmosdydx)A decentralized financing platform built on Cosmos Blockchain. That listing emphasized growing exchange integration with cosmos-based projects, strengthens confidence among investors and potentially affects short-term price action for atom.
Atom’s volatile trade highlights push and features between institutional profits and opportunistic purchases at technical support levels. While the initial sale reflected a broader uncertainty in the markets of digital asset, the rapid recovery suggests that some institutional players are placing for potential upside as the Cosmos network continues to expand its partnerships and the footprint of the infrastructure.
Technical indicators highlight key levels
- Trading range of $ 0.29 representing 6% volatility between $ 4.77 Maximum and $ 4.48 minimum levels.
- Volume support established around $ 4.69 with 1,465 million units during the early session rally.
- Volume resistance created nearly $ 4.71 with 1,984 million units during institutional sales.
- New support level established at $ 4.54 after recovery Momentum and buyer interest.
- More resistance levels broken to $ 4.50 and $ 4,53 during the institutional purchase of the session.
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