ATOM Holds Firm in Range as Institutions Dictate Price Action

ATOM traded in a tight range over the past 24 hours, with price action dominated by institutional flows. Between Aug. 11 at 15:00 and Aug. 12 at 14:00, the token swung 4% between $4.65 and $4.47. Heavy selling from $4.65 to $4.45 on Aug. 11 gave way to strong buying the following morning, with volumes spiking to 1.93 million tokens. Resistance formed at $4.60, while repeated bounces from $4.47–$4.48 highlighted a firm support zone.

The Cosmos ecosystem also got a boost from Coinbase’s listing of dYdX (COSMOSDYDX), which jumped from $0.59 to $0.63 on the news. ATOM’s recent price behavior fits an accumulation pattern between $4.47 and $4.60, with strategists eyeing potential upside to $5.48 by 2025 as institutional adoption grows.

The final hour of trading saw renewed volatility, with ATOM sliding 1% from $4.57 to $4.51 in 22 minutes as sellers overpowered support at $4.55 and $4.53. Elevated volumes during the drop confirmed profit-taking and repositioning, underscoring a consolidation phase with clear institutional boundaries on both sides.

ATOM/USD (TradingView)

Market Analysts Identify Mixed Technical Outlook

• Overall institutional trading range of $0.18 representing 4% spread between maximum of $4.65 and minimum of $4.47.
• Pronounced institutional selling from August 11 at 16:00 through 22:00, declining from $4.65 to $4.45.
• Exceptional institutional trading volume of 1,927,633 units during August 12 11:00-12:00 recovery phase.
• Key institutional resistance level established at $4.60 where profit-taking occurred on strong volume.
• Institutional support zone materialized around $4.47-$4.48 with multiple successful accumulation phases.
• Clear institutional resistance at $4.57 level with intensified selling pressure during final trading hour.
• Accelerated institutional repositioning through support levels at $4.55 and $4.53.
• Modest institutional recovery attempt from $4.51 support establishing consolidation range $4.52-$4.53.

Source