📢 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 Rebounds Sharply After Sudden Drop, Fueled by Volume Surge and Ecosystem News
Cosmos’ ATOM token staged a swift recovery during a volatile 23-hour stretch from August 5 at 15:00 UTC to August 6 at 14:00 UTC. After plunging from $4.236 to $4.133 in just one hour early August 6, ATOM rebounded to $4.235 by 05:00. The rally was backed by a surge in trading volume to 1,046,473 units—worth approximately $4.38 million—well above the 24-hour average of 708,926 units.
Buyers defended key support at $4.149, with bullish momentum carrying into the session close. In the final hour, ATOM climbed from $4.178 to $4.206, a 0.67% rise, as volume spiked to 59,513 units—about $250,000 in value—at 14:02 UTC. The move confirmed a breakout above the $4.20 resistance level.
Catalyzing the recovery was news that Coinbase added COSMOSDYDX to its listing roadmap, signaling growing institutional interest in the Cosmos SDK ecosystem. The listing, tied to the dYdX decentralized derivatives exchange, highlighted renewed confidence in Cosmos-based infrastructure projects.
With macro sentiment improving and volume surging during key reversal periods, ATOM’s price action suggests building momentum across the broader Cosmos ecosystem—even amid wider crypto market turbulence.
Technical Indicators Breakdown
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