Atom experienced a strong volatility over a negotiation period from 11 p.m. from August 10 to 3:00 p.m. to August 11 at 2:00 p.m., swing 6.20% between his session of $ 4.77 and $ 4.48. The token joined at the beginning of August 11, from $ 4.66 to $ 4.75 to 02:00 am in the middle of an increase in the negotiation volume of 1.465 million units, establishing support nearly $ 4.69. However, a strong sales pressure emerged at 07:00, which lowered the atom to $ 4.48 out of 1.984 million units exchanged, the resistance forming about $ 4.71 while the institutional sale has intensified.
Despite the sharp drop, Atom showed resilience in the last hour of the session. From 1:07 p.m. to 2:06 p.m., the token won 1.68%, from $ 4.49 to $ 4.56, while buyers overcome the resistance to $ 4.50 and $ 4.53. A burst of commercial activities, including an increase of 60,000 units between 1:46 p.m. and 13:47, helped consolidate $ 4.54 as a new level of support. This rebound at the end of the session alluded to a renewal of institutional interests after the morning sale.
The feeling of the market towards the Cosmos ecosystem received a boost during the session after Coinbase announced the support of Dydx (Cosmosdydx)A decentralized financing platform built on the Cosmos blockchain. Registration highlighted an increasing exchange integration with projects based on the COSMOS, strengthening the confidence of investors and potentially influencing the action of short -term prices for the atom.
Atom’s volatile trading highlights the thrust and the traction between institutional profit and opportunistic purchases at technical support levels. Although the initial sale reflects a broader uncertainty in the digital asset markets, rapid recovery suggests that certain institutional players are positioned for upward potential while the Cosmos network continues to extend its partnerships and its infrastructure footprint.
Technical indicators highlight the key levels
- Negotiation range of $ 0.29 representing a volatility of 6% between $ 4.77 maximum and $ 4.48 of minimum levels.
- The volume support established around $ 4.69 with 1.465 million units during the session rally at the start of the session.
- The volume resistance created nearly $ 4.71 with 1.984 million units during the institutional sale.
- New level of support established at $ 4.54 after the recovery momentum and the buyer’s interest.
- Multiple resistance levels broken at $ 4.50 and $ 4.53 during institutional purchases at the end of the session.
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