The Atom Cosmos token organized a quick recovery during a volatile section from 11 p.m. on August 5 at 3:00 p.m. UTC on August 6 at 2:00 p.m. UTC. After plunging $ 4,236 to $ 4.133 in just one hour at the beginning of August 6, Atom rebounded at $ 4.235 by 05:00. The rally was supported by an increase in the volume of negotiation to 1,046,473 units, or about $ 4.38 million – much higher than the average of 24 hours of 708,926 units.
Buyers defended the key support at $ 4.149, with a bullish momentum entering the session. During the last hour, Atom went from $ 4.178 to $ 4.206, an increase of 0.67%, because the volume increased to 59,513 units – around $ 250,000 in value, at 14:02 UTC. This decision confirmed a rupture above the resistance level of $ 4.20.
Catalyst recovery was the news that Coinbase added CosmosdyDX to its registration roadmap, signaling the growing institutional interest in the SDK Cosmos ecosystem. The list, linked to the exchange of decentralized DYDX decent derivatives, has highlighted renewed confidence in infrastructure projects based on the cosmos.
With the improvement of the feeling of macro and the rise in increased volume during key reversal periods, the ATOM prices action suggests creating a dynamic through the wider ecosystem of the cosmos – even in the midst of wider cryptographic market turbulence.
Distribution of technical indicators
- Atom sways wildly for 11 p.m. from August 5 from 3 p.m. to August 6:00 p.m. The range reaches $ 0.12, which represents 3% between $ 4.24 maximum and minimum $ 4.13.
- The token crashed from $ 4.24 to $ 4.13 in August 6,03: 00-04: 00. Recovery increases to $ 4.24 at 05:00.
- The volume explodes at 1,046,473 units, crushing the average of 24 hours of 708,926. The high volume support builds around $ 4.15.
- Last 60 minutes of August 6, 13:08 at 2:07 pm show upward impulse. The sustained increase trend goes the price from $ 4.18 to $ 4.21, winning 1%.
- The volume tips reached 59,513 units at 14:02. The rupture confirms the resistance greater than $ 4.20 established earlier.
Non-liability clause: Parties of this article were generated with the help of AI tools and examined by our editorial team to guarantee the accuracy and membership of Our standards. For more information, see Complete Coindesk AI policy.
