Latest news with #ATOM
Yahoo
3 hours ago
- Business
- Yahoo
ATOM Shows Resilient Recovery Despite Volatile Trading Session
ATOM-USD sustained its robust recovery path during the final 60 minutes from 9 July 14:27 to 15:26, climbing from $4.22 to $4.21 despite opening volatility that witnessed the cryptocurrency test support near $4.18 around 14:30-14:45 before establishing a sustained upward movement. The period showcased classic technical advancement with ATOM securing strong support around the $4.18 level during the first thirty minutes, followed by a decisive breakthrough above $4.20 at 14:56 that generated increased volume activity surpassing 46,000 units, ultimately creating new resistance around $4.21-$4.22 levels with decreasing volatility in the final minutes suggesting consolidation above key psychological support. ATOM's rise comes alongside renewed optimism across the altcoin market, with analysts suggesting a potential altcoin season if bitcoin can manage to form a new record high and consolidate. Technical Indicators Signal Continued Strength Opening rally to $4.17 at 17:00 created key resistance zones around $4.17-$4.18. Solid support area established between $4.09-$4.11 during overnight decline. Volume surge exceeding 1.11 million during opening breakout sequence. Sustained recovery formation developed from 05:00 forward. • Enhanced trading volumes above 800,000 during key breakout instances. Final hour breakthrough above $4.20 generated volume increase surpassing 46,000 units. Fresh resistance created around $4.21-$4.22 zones. Decreasing volatility in final minutes suggests consolidation sequence. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
ATOM Breaks Resistance Level as Trading Volume Triples
The Cosmos ecosystem token (ATOM) demonstrated significant bullish momentum during a recent 24-hour period from 6 July 15:00 to 7 July 14:00, climbing from $4.05 to $4.10 with strong buyer support at key levels. The move comes as bitcoin ambles its way back to the $110,000 level of resistance, a point it rejected from last week causing a day of decline across the altcoin market. ATOM is now well poised to continue to the upside as trading volume tripled over the past 24 hours, indicating optimism from traders. Technical Analysis ATOM-USD climbed from $4.05 to $4.10, representing a 1.23% gain during the 24-hour period from 6 July 15:00 to 7 July 14:00. A significant breakout occurred at 21:00 on 6 July when volume surged to over 1 million units (3x the hourly average), pushing price through the $4.10 resistance level. Price established a trading range of $0.097 (2.4%) with a high of $4.13. Strong buyer interest confirmed at support zones between $4.03-$4.05, suggesting continued upward momentum. During the 60-minute period from 7 July 13:05 to 14:04, ATOM exhibited a bullish breakout at 13:57-13:59, with price surging from $4.09 to $4.10 on elevated volume exceeding 20,000 units per minute. Clear support zone established at $4.07-$4.08 during mid-period consolidation before the final rally. Price pushed up 0.5% from period low to high ($4.07 to $4.10). Closing hour showed profit-taking with price settling at $4.09, still maintaining most gains and forming a higher low compared to opening price. CD20 Index Whipsaws as Market Indecision Intensifies CD20 Volatility Signals Market Uncertainty The CD20 displayed notable volatility over the last 24 hours from 6 July 15:00 to 7 July 14:00, with a significant range of $21.06 (1.18%) between the low of $1772.50 and high of $1793.57. After reaching a peak during the early hours of 7 July, the index experienced a sharp correction, dropping to $1772.50 at 13:00 before staging a recovery to close at $1780.94, suggesting market indecision as traders navigate between profit-taking and renewed buying interest. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
ATOM Demonstrates Market Resilience as Crypto Market Heats up
Cosmos' ATOM token displayed market resilience on Tuesday, holding firm above the $4.00 level of support as it looks towards a bullish break out. The wider market is experiencing a boost in positive sentiment, notably led by a wrath of public companies that are adopting bitcoin as a treasury asset. The altcoin market has remained rather muted during this cycle, although if bitcoin forms a new record high and begins to consolidate, altcoins like ATOM would be positioned to benefit from a long-await "altcoin season." Technical analysis Sophisticated buyer interest confirmed at $4.00 psychological level with volume of 471,851 units exceeding established institutional trading averages. Algorithmic selling pressure materialized near $4.113 on elevated volume of 799,835 units during final trading hours. Exceptional institutional activity at 13:44 with 113,169 units triggering systematic buying programs from $4.099 to $4.107. $0.12 trading bandwidth between $3.997 and $4.113 representing 3% of total price movement within professional risk management parameters. Settlement around $4.097 following systematic advance to session high of $4.113. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
ATOM Tumbles 4% as Sellers Target Critical $4 Support Level
Cosmos' ATOM token slumped by 4% in the past 24 hours as Thursday's short-lived crypto rally came to a halt on Friday. Market volatility has been lower on Friday, in part due to the nation July 4th holiday in the U.S. Bitcoin attempted to form a new record high on Thursday but fell just short, sliding from $111,000 to $108,000, with the majority of altcoins like ATOM following its lead. Technical analysis ATOM-USD experienced a notable decline of $0.17 (3.95%) during the 24-hour period from 3 July 15:00 to 4 July 14:00, with price dropping from $4.22 to $4.06. The asset established a clear downtrend after failing to maintain support at $4.17, with high-volume selling emerging at the $4.09 level. Volume spiked to 588,338 units during the 7:00 hour on July 4th—significantly above the 24-hour average. Multiple attempts to establish support near $4.07 have been rejected, suggesting continued bearish momentum. During the 60-minute period from 4 July 13:06 to 14:05, ATOM-USD declined by $0.03 (0.61%), dropping from $4.09 to $4.06. A brief recovery attempt occurred at 13:53 with price reaching $4.07, but momentum failed to sustain as sellers returned. The pattern of lower highs and lower lows confirms continuation of the broader bearish trend approaching the psychological $4.00 support level. CD20 Index Plunges 2% as Crypto Market Sentiment Deteriorates The CD20 index has experienced a notable bearish trend over the last 24 hours from 3 July 15:00 to 4 July 14:00, declining from $1,803.70 to $1,765.27, representing a substantial drop of $38.43 or 2.13%. The overall range of $38.84 (2.15%) highlights persistent selling pressure, with particularly accelerated downward momentum in the final hours as the index reached its lowest point of $1,764.86 at 14:00, suggesting deteriorating market sentiment despite brief consolidation attempts around the $1,780 level.
Yahoo
6 days ago
- Business
- Yahoo
ATOM Consolidates as Bitcoin Takes Driving Seat, Finds Support at $4.20
The altcoin market took a backseat on Thursday as crypto majors bitcoin and ether attempted to rally to new highs. As billions of dollars worth of liquidity flowed into shorting bitcoin on the brink of record highs, altcoins like ATOM consolidated, finding support at the $4.20 level. Typically when bitcoin rallies altcoin price action is muted and the inverse is true when bitcoin consolidates, so ATOM could be primed for a rally once bitcoin begins to cool off. Technical analysis ATOM-USD traded within a range of $4.09 to $4.26 during the 24-hour period from 2 July 16:00 to 3 July 15:00, representing a 4% swing. Key support established at $4.16-$4.17 with high volume buying emerging at the $4.20 level during the 13:00 hour session on July 3rd. Despite reaching a peak of $4.26 during the 07:00 hour, ATOM failed to sustain momentum above the $4.25 resistance level. In the last 60 minutes from 3 July 14:24 to 15:23, ATOM-USD declined from $4.24 to $4.21, representing a 0.73% decrease. Sharp selloff occurred between 15:03-15:07, dropping to a session low of $4.19, before staging a recovery. Final 15 minutes showed stabilization with price consolidation around $4.21, suggesting potential short-term equilibrium. CD20 Index Surges 2% Before Profit-Taking Emerges The CD20 demonstrated significant volatility in the last 24 hours from 2 July 16:00 to 3 July 15:00, reaching a peak of $1,811.11 before retracing to $1,793.55, with an overall range of $37.27 (2%). After establishing support around $1,780 during early hours, the index staged an impressive rally through the morning session of 3 July, gaining momentum particularly between 09:00-14:00 before profit-taking emerged in the final hour.
