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By CD Analytics, Oliver Knight
Updated Aug 4, 2025, 3:47 p.m. Published Aug 4, 2025, 3:47 p.m.
- ATOM Breaks Higher on Volume Surge: ATOM rallied from $4.28 to a session high of $4.33 near midnight UTC on Aug. 4, driven by a spike in trading volume surpassing 723,000 units.
- Support Holds, Resistance Forms: Price held steady above $4.26 after multiple validation tests, while $4.29–$4.30 emerged as a key short-term resistance zone.
- Intraday Momentum Signals Strength: A sharp 1% gain between 13:08 and 14:07 UTC, supported by 288,000+ units in volume, marked strong buyer conviction and potential for trend continuation.
ATOM oscillated within a $0.12 corridor between $4.22 and $4.33—a 3% range that reflects the coin’s strategic positioning amid macro headwinds. Despite intraday volatility, price action was largely constructive, with bulls staging a breakout near midnight UTC on 4 August that pushed the token to a session high of $4.33. The rally was underpinned by heavy trading volume, peaking at 723,991 units during the upward surge, before facing resistance at the newly formed high.
A reliable support floor solidified at $4.26 after multiple successful tests throughout the session. Meanwhile, the $4.29–$4.30 range emerged as immediate overhead resistance, suggesting a short-term consolidation channel is forming.
STORY CONTINUES BELOW
The most dramatic price movement came within a one-hour window between 13:08 and 14:07 UTC on 4 August. ATOM initially consolidated in the $4.26–$4.27 band before triggering a breakout at 13:35. The move pushed the price up to $4.29 with intraday gains of 1%. Volume spiked past 288,000 units during this rapid ascent, indicating a robust inflow of momentum-driven buying.
By the end of the hour, ATOM had stabilized in the $4.28–$4.29 range, as volume tapered off but price held near local highs—signaling buyer conviction and reduced profit-taking pressure.
- Breakout Confirmation: Strong upward move from $4.28 to $4.33 during high-volume spike (723,991 units), signaling breakout with conviction.
- Support Formation: $4.26 tested multiple times and held, reinforcing as critical near-term support level.
- Resistance Band: $4.29–$4.30 now acting as short-term ceiling, potential pivot zone for next leg.
- Volume-Led Rally: Over 288,000 units exchanged during 13:37 breakout confirms institutional or momentum trader activity.
- Two-Phase Structure: Initial consolidation phase followed by sharp breakout and stabilization indicates potential continuation pattern.
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.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
