The Atom rose 4% from $ 4.36 to $ 4.55 to 24 hours to 15:00 UTC on August 8, which broke the main resistance to the rare 2.19 million-united volume that exceeded the daily averages. The rally is that -fuel by heavy purchase of institutional kosmos ecosystem tokens, a move linked to Coinbase’s DYDX launch (Cosmosdydx) Support its native network. Market analysts said expansion strengthens the bridge between centralized and decentralized trade, reflecting the increasing interest of the institutional interest in the interoperable blockchain infrastructure.
The momentum, however, quickly faded at the last time of trading. Between 14:39 and 15:38, the Atom Whipsawed intensely, first spiking at $ 4.60 before slipping to $ 4.56, marking a 0.52% hour -arass loss. The sale accelerated when the token broke down to a $ 4.58 support at 15:03, triggered by concentrated selling 26,000 units in a four-minute length. By closely, trading volume evaporated zero, signing of fatigue and leaving the range of $ 4.58- $ 4.60 as a new overhead resist zone.
The price action has opened against a broader backdrop in the market where Bitcoin has tested $ 116,000 resistance and institutional whales that rotate capital over large altcoins and utility tokens. Within the ecosystem of the cosmos, the flow of the atom and sudden reflection emphasizes the same power of institutional demand and the destruction of short-term rallies. Entrepreneurs are now viewing $ 4.55 as critical support and watched if the revised purchase interest can overcome the resistance and re -establish the upward momentum.
Technical breakdown
- Atom climbing from $ 4.36 to $ 4.55 for a 4% gain with a $ 0.34 trading range between $ 4.32 lows and $ 4.67 highs.
- The main breakout occurs at 13:00 on August 8 when the atom exploded with a $ 4.55 resistance, comparing $ 4.65 to a massive 2.19 million unit quantity.
- Trade volume crushed a 24 -hour average of 1.35 million, proving the high volume of immunity.
- Strong support appeared at $ 4.46 where consumers were repeated.
- The $ 4.55- $ 4.67 zone now acts as a critical resistance after a breakout attempt.
- Final 60 minutes from 8 August 14:39 to 15:38 See the dramatic return, at first rising from $ 4.58 to $ 4.60 session high.
- Strong sale of hits during the period 15: 03-15: 07 period when the atom destroys $ 4.58 support.
- The trade died in the last minutes with a zero volume at 15:38.
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