Atom jumped $ 4.36 to $ 4.36 to $ 4.55 during the 24 hours to 3:00 p.m. UTC on August 8, interrupting the key resistance on an exceptional volume of $ 2.19 million which far exceeded the daily averages. The rally was fueled by the heavy institutional purchase of cosmos ecosystems, a decision linked to the launch of Dydx Coinbase (Cosmosdydx) Support on its native network. Market analysts claim that expansion strengthens the bridge between centralized and decentralized exchanges, reflecting an increase in institutional interest in the infrastructure of interoperable blockchain.
The momentum, however, faded quickly in the last hour of negotiation. Between 2:39 p.m. and 3:38 p.m., Atom whipped strongly, first stood at $ 4.60 before slipping at $ 4.56, marking an hourly loss of 0.52%. The sale accelerated when the token broke down below $ 4.58 at 15:03, triggering a concentrated sale of 26,000 units over a period of four minutes. At the end, the volume of trading had evaporated to zero, signaling the exhaustion and leaving the beach from $ 4.5 to $ 4.60 as a new area of resistance to general costs.
The price action took place in a wider market background where Bitcoin tested the resistance of $ 116,000 and institutional whales turned capital in high capitalization and utility tokens. In the cosmos ecosystem, the overvoltage of atom and the steep inversion highlighted both the strength of institutional demand and the fragility of short -term gatherings. Traders now consider $ 4.55 as a critical support and watch out whether a renewal of purchasing interests can overcome resistance and restore the momentum.
Distribution of technical indicators
- Atom goes from $ 4.36 to $ 4.55 for a gain of 4% with a negotiation range of $ 0.34 between $ 4.32 low and $ 4.67.
- The key escape occurs at 1:00 p.m. on August 8 when Atom explodes through a resistance of $ 4.55, reaching $ 4.65 over a massive unit volume of 2.19 million.
- The volume of trading crushes an average of 24 hours of 1.35 million, confirming the high volume resistance rupture.
- Strong support emerges at $ 4.46 where buyers work several times.
- The area of $ 4.55 to $ 4.67 now acts as a critical resistance after a failed rupture attempt.
- Final 60 minutes from August 8, 14:39 at 3:38 PM see dramatic inversion, initially from $ 4.58 to $ 4.60.
- Heavy kicks for 15: 03-15: 07 period when Atom breaks the support of $ 4.58.
- The trade dies in the last minutes with a zero volume at 3:38:38 pm.
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