ATOM Jumps 4% on Institutional Demand Before Late-Hour Reversal

Key Points

1. ATOM surged 4.36% to $4.55, breaking resistance on a 62% volume spike before reversing in the final hour.

2. The rally was fueled by institutional buying linked to Coinbase’s launch of dYdX (COSMOSDYDX) support on its native network.

3. ATOM whipsawed sharply between $4.60 and $4.56 in the final hour, with a 0.52% hourly loss.

4. Selling accelerated when ATOM broke below $4.58 support, triggering concentrated selling of 26,000 units over four minutes.

5. Traders now view $4.55 as overcome resistance, with strong support emerging at $4.46.