ATOM Surges 8% as Institutional Volume Confirms Breakout

ATOM saw an 8% surge from $4.49 to $4.84 between 12 August 11:00 and 13 August 10:00, supported by heavy trading volume of over 2 million units, signalling strong institutional interest. The bullish momentum persisted in the final hour of trading, peaking at $4.85 before consolidating to $4.83, with significant volume confirmation reinforcing the breakout above the $4.78 resistance. Strong support has been established at $4.65, setting the stage for a possible move toward the $4.90–$5.00 range.

During the last hour, ATOM rose from $4.82 to $4.85—a 0.62% gain—before easing slightly to $4.83, a 0.21% dip from the session high. Notably, the $4.85 level was tested and validated by a 24,467-unit volume spike at 10:20, followed by profit-taking that led to a measured pullback. Subsequent volume spikes of 47,638 units at 10:44 and 59,892 units at 10:48 during recovery attempts underscored continued institutional engagement, even in consolidation phases.

The closing minutes saw minimal activity, indicating a brief pause in trading momentum. However, the combination of sustained buying interest, rising support levels, and decisive resistance breaches suggests ATOM is well-positioned for continued upside. With volume dynamics confirming bullish intent, the asset remains on track for a potential challenge of the $4.90–$5.00 price target in the near term.

The move comes as bitcoin dominance dipped below 60% for the first time since January, demonstrating relative strength in the altcoin sector. However, if bitcoin can break above a $124,000 and form a new record high, altcoins may slip as capital rotates back to BTC.

(ATOM/USD TradingView)

Key Technical Indicators

• ATOM exhibited a compelling bullish trajectory with an aggregate range of $0.38 (8.52%) throughout the 23-hour trading period.
• Robust support established at $4.65 with substantial volume confirmation during the 02:00 recovery phase.
• Resistance materialised proximate to $4.78 where price action initially encountered resistance at 20:00 before achieving upward breakthrough.
• Notable momentum acceleration occurred during concluding hours, particularly at 09:00 with exceptional volume significantly surpassing the 24-hour average of 1,148,473 units.
• Technical breakout substantiated by sustained volume expansion and ascending support formation.
• Successful examination of $4.85 resistance zone with robust volume confirmation preceding profit-taking pressures.
• Volume surges at critical inflection points confirming institutional participation within the consolidation phase.

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