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2 months ago
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ATOM-USD rebounded sharply from a midday selloff, with heavy volume and fresh support at $4.60 signaling renewed buyer confidence, even as resistance at $4.91 remains unbroken.
Updated Aug 14, 2025, 3:54 p.m. Published Aug 14, 2025, 3:54 p.m.
ATOM-USD saw sharp volatility between 13 August 15:00 and 14 August 14:00, trading between $4.49 and $4.91 with volume spiking to 5.62M units—over 322% above average. After holding in the $4.82–$4.85 range and briefly hitting $4.91, the asset faced an aggressive selloff from 06:00 on 14 August, bottoming at $4.53 at 12:00 on heavy volume, signaling potential capitulation.
Buyers quickly stepped in, establishing fresh support near $4.60 and restoring confidence in the Cosmos ecosystem. This price level became a key threshold as selling pressure eased and trading stabilized.
During the 60-minute recovery window from 13:20 to 14:19 on 14 August, ATOM rose from $4.60 to $4.61, peaking at $4.64 before consolidating in a tight $4.59–$4.62 range. This confirmed $4.60 as a support base, suggesting a potential launch point for future gains.
While resilience is evident, resistance at $4.91 remains untested. Holding $4.60 will be crucial for maintaining bullish momentum, with any breakdown risking renewed downside pressure.
(ATOM/USD/TradingView)
Technical Indicators Point to Consolidation
- Price range of $0.42 representing 9% volatility between $4.91 maximum and $4.49 minimum.
- Volume spike to 5.62 million units, exceeding 24-hour average of 1.33 million by 322%.
- Resistance level established at $4.91 during early morning hours of 14 August.
- Support base formation around $4.60 following recovery from $4.53 low.
- Consolidation pattern between $4.59-$4.62 range indicating potential stabilization.
Disclaimer: 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.
Oliver Knight
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
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