ATOM Faces Sharp Decline Amid High-Volume Selloff

ATOM-USD saw sharp volatility between 13 August 15:00 and 14 August 14:00, trading between $4.49 and $4.91 with volume spiking to 5.62M units—over 322% above average. After holding in the $4.82–$4.85 range and briefly hitting $4.91, the asset faced an aggressive selloff from 06:00 on 14 August, bottoming at $4.53 at 12:00 on heavy volume, signaling potential capitulation.

Buyers quickly stepped in, establishing fresh support near $4.60 and restoring confidence in the Cosmos ecosystem. This price level became a key threshold as selling pressure eased and trading stabilized.

During the 60-minute recovery window from 13:20 to 14:19 on 14 August, ATOM rose from $4.60 to $4.61, peaking at $4.64 before consolidating in a tight $4.59–$4.62 range. This confirmed $4.60 as a support base, suggesting a potential launch point for future gains.

While resilience is evident, resistance at $4.91 remains untested. Holding $4.60 will be crucial for maintaining bullish momentum, with any breakdown risking renewed downside pressure.

(ATOM/USD/TradingView) ######Technical Indicators Point to Consolidation

• Price range of $0.42 representing 9% volatility between $4.91 maximum and $4.49 minimum.
• Volume spike to 5.62 million units, exceeding 24-hour average of 1.33 million by 322%.
• Resistance level established at $4.91 during early morning hours of 14 August.
• Support base formation around $4.60 following recovery from $4.53 low.
• Consolidation pattern between $4.59-$4.62 range indicating potential stabilization.

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.

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