ATOM Faces Market Turbulence Amid Institutional Interest in Cosmos Ecosystem

ATOM Faces Market Turbulence Amid Institutional Interest in Cosmos Ecosystem

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 eco…

Cosmos (ATOM) Surges After Coinbase DYdX Listing

The Cosmos ecosystem saw a spike in market attention this week after Coinbase announced support for dYdX’s Cosmos-based token. The listing came after dYdX, a well-known decentralized derivatives exchange, completed its migration from Ethereum to an independent blockchain built with the Cosmos SDK. ATOM, the native asset of the Cosmos Hub, experienced a noticeable uptick in trading volumes and short-term price movement following the news. The Bas…