Cosmos’ atomic token staged a quick recovery during a volatile 23-hour stretch from August 5 at. 15:00 UTC to August 6 at. 14:00 UTC. After throwing himself from $ 4,236 to $ 4,133 in just one hour early August 6, Rebound Atom to $ 4,235 in 05:00. The rally was supported by an increase in trading volume to 1,046,473 units-Worth approx. $ 4.38 million-good over the 24-hour average of 708,926 units.
Buyers defended key support for $ 4,149, where Bullish Momentum transported into the session. In the last hour, the atom climbed from $ 4,178 to $ 4,206, an increase of 0.67%when the volume was spiked to 59,513 units – approx. $ 250,000 in value – I 14:02 UTC. The move confirmed a breakout of the $ 4.20 resistance level.
Catalysis of the recovery was the news that Coinbase added Cosmosdydx to its listing card and signalized growing institutional interest in the Cosmos SDK ecosystem. The list, which is tied to Dydx-DECENTRALIZED DERIVATE EXCHANGE, emphasized renewed confidence in the cosmos-based infrastructure projects.
As the macro -tunation improves and volume waves during the main reversing periods, atomic’s price action suggests building momentum across the wider cosmos ecosystem – even in the midst of a wider crypto architecture.
Technical indicators collapse
- Atom swings wild in the 23-hour period from August 5, 15:00 to 6 August 14:00. Range hits $ 0.12, which represents 3% between $ 4.24 maximum and $ 4.13 minimum.
- The token goes down from $ 4.24 to $ 4.13 during August 6, 03: 00-04: 00. Recovery waves to $ 4.24 at. 05:00.
- Volume explodes to 1,046,473 units, crushing 24-hour average of 708,926. High volume support builds about $ 4.15.
- Final 60 minutes from August 6, 13:08 to 14:07 showing Bullish Momentum. Sustained increased driver price from $ 4.18 to $ 4.21 and gets 1%.
- Volume Spikes hit 59,513 units at. 14:02. Breakout confirms over $ 4.20 resistance established earlier.
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