📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
ATOM Holds Ground Above $4.27 After 3% Rebound From Key Support
Cosmos’ native token, ATOM, showcased remarkable resilience during a volatile 24-hour trading period ending August 5, recovering sharply from intraday lows as institutional activity returned. Following a dramatic dip to $4.18 during early U.S. trading hours, ATOM rebounded strongly to $4.30, carving out a fresh support range that may act as a springboard for continued upside.
ATOM surged 3% from its $4.18 support zone, climbing to $4.30 in less than seven hours before consolidating above $4.27. The rebound was accompanied by significant volume, particularly between 13:32 and 13:48 UTC, when two successive spikes of 84,604 and 126,803 units indicated accumulation by sophisticated traders. The hour-long price action from 13:09 to 14:08 UTC highlighted the market’s bullish posture, with a brief consolidation replacing previous volatility, suggesting traders are tactically positioning for a breakout above resistance.
This upward momentum followed a broader 24-hour swing from August 4 to August 5 that saw ATOM fluctuate between $4.18 and $4.34—a 3.46% range—amid global macroeconomic uncertainty, including diverging monetary policies among central banks and ongoing geopolitical instability. With digital assets increasingly viewed as hedging tools during fiat market stress, ATOM’s performance reflects broader shifts in institutional investment appetite.
Technical Metrics Emphasize Critical Levels
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.
View Comments