ATOM experienced sharp volatility over a 23-hour trading period from August 10 at 15:00 to August 11 at 14:00, swinging 6.20% between its $4.77 session high and $4.48 low. The token rallied early on August 11, climbing from $4.66 to $4.75 at 02:00 amid a surge in trading volume of 1.465 million units, establishing support near $4.69. However, heavy selling pressure emerged at 07:00, driving ATOM down to $4.48 on 1.984 million units traded, with resistance forming around $4.71 as institutional selling intensified.
Despite the sharp decline, ATOM showed resilience in the final hour of the session. From 13:07 to 14:06, the token gained 1.68%, moving from $4.49 to $4.56 as buyers overcame resistance at $4.50 and $4.53. A burst of trading activity, including a 60,000-unit spike between 13:46 and 13:47, helped solidify $4.54 as a new support level. This late-session rebound hinted at renewed institutional interest following the morning’s selloff.
Market sentiment toward the Cosmos ecosyste
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