Atom exchanged in a tight range in the last 24 hours, with a price action dominated by institutional flows. Between August 11 at 3:00 p.m. and August 12 at 2:00 p.m., the token switched 4% between $ 4.65 and $ 4.47. The heavy sale of $ 4.65 to $ 4.45 on August 11 gave way to strong purchases the next morning, with volumes at 1.93 million tokens. The resistance formed at $ 4.60, while repeated rebounds from $ 4.47 to $ 4.48 highlighted a company support area.
The Cosmos ecosystem has also obtained a boost from the Dydx Coinbase list (Cosmosdydx)which went from $ 0.59 to $ 0.63 on the news. The recent Atom prices behavior corresponds to an accumulation scheme between $ 4.47 and $ 4.60, the strategists considering an upward potential to $ 5.48 by 2025 as institutional adoption increases.
The last hour of negotiation saw renewed volatility, atom from $ 4.57 to $ 4.51 in 22 minutes while the sellers controlled the support at $ 4.5 and $ 4.53. High volumes during the decline confirmed profits and repositioning, highlighting a consolidation phase with clear institutional limits on both sides.
Market analysts identify mixed technical perspectives
- An overall institutional negotiation range of $ 0.18 representing a distribution of 4% between $ 4.65 and minimum of $ 4.47.
- Pronounced the institutional sale of August 11 from 4 p.m. to 10 p.m., from $ 4.65 to $ 4.45.
- Exceptional institutional negotiation volume of 1,927,633 units on August 12, 11: 00-12: 00 recovery phase.
- The level of key institutional resistance established at $ 4.60, when taking profits occurred on a high volume.
- Institutional support area materialized around $ 4.47 to $ 4.48 with multiple successful accumulation phases.
- Clear institutional resistance at $ 4.57 with intensified sales pressure during final negotiation hours.
- Institutional repositioning accelerated through support levels at $ 4.55 and $ 4.53.
- Modest reprocessing Institutioning Tests of $ 4.51 Admitted consolations of $ 4.52 – $ 4.53.
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