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. 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 .

Source: CoinDesk