ATOM Rises 3% as Cosmos Network Gains Exchange Recognition
Crypto/Markets
 Trade Crypto on eToro

ATOM Rises 3% as Cosmos Network Gains Exchange Recognition

Coinbase integrates dYdX into its platform, leading to increasing interest in decentralized solutions amid global instability.

Trade with eToro

Trade with eToro

Open an account

Trade on XM

Trade on XM

Open an account

Trade with XTB

Trade with XTB

Open an account

Summary of Developments

  • ATOM has surged by 3.40% from August 6, 15:00 to August 7, 14:00, breaking critical resistance at $4.34 with high trading volume and establishing new resistance at $4.43.
  • The day’s trading saw prices peak at $4.43, with fluctuations that brought it back down to $4.41 after a significant volume peak.
  • Coinbase’s support for dYdX on the Cosmos network has added to ecosystem momentum, attracting a shift towards decentralized platforms as investors seek refuge from market volatility.

ATOM Surge

“ATOM surges 3.4% to $4.41 on strong volume as Coinbase adds dYdX native Cosmos integration amid bullish momentum and growing ecosystem support.”

Technical Analysis

  • The trading window saw a price increase from $4.26 to $4.41, with heavy volume confirming this upward trend.
  • A critical analysis aligns on the observation of a supportive pattern indicating potential for further growth into the next trading session.
Next article

SharpLink Secures $200 Million to Expand Ether Holdings to $2 Billion

Newsletter

Get the most talked about stories directly in your inbox

Every week we share the most relevant news in tech, culture, and entertainment. Join our community.

Your privacy is important to us. We promise not to send you spam!