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By Oliver Knight, CD Analytics
Jun 20, 2025, 2:51 p.m.
- ATOM-USD breaks $4.00 resistance with significant volume spikes, climbing from $3.981 to $4.043 despite broader market uncertainty.
- Geopolitical tensions between Iran and Israel intensify as rising conflict affects cryptocurrency markets, with ATOM showing resilience amid volatility.
Despite escalating conflict in the Middle East Cosmos’ ATOM token is showing resilience to the volatility.
It currently trades above the $4.00 level of resistance after a break out on significant volume spikes.
STORY CONTINUES BELOW
Technical Analysis
- ATOM-USD climbed from $3.981 to $4.043, with a notable range of $0.122 (3.07%).
- Price action formed a clear uptrend with higher lows, breaking through the $4.00 resistance level.
- Significant volume spikes occurred, particularly during the 07:00 hour when volume reached 772,906 units, well above the 24-hour average.
- Support has established at $3.982, while the $4.084 level represents immediate resistance based on the recent high.
- Consistent higher lows coupled with above-average trading volumes suggests continued bullish sentiment despite minor retracements.
- In the last hour, ATOM-USD experienced significant volatility, reaching a peak of $4.070 at 13:22 before entering a sharp correction that bottomed at $3.984 around 13:51, representing a 2.11% decline.
- Price has since established a recovery pattern, forming higher lows and stabilizing around $4.045.
- Volume spikes were particularly notable during the downward movement (24,664 units at 13:48) and subsequent recovery phase (29,894 units at 13:52).
- Strong market participation suggests potential support formation at the $4.040 level.
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.
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.
