ATOM Sustains Bullish Momentum Despite Intraday Volatility
0Optimism around the altcoin market has triggered a bullish scenario for ATOM as it hits a two-month high.
ATOM's price action reflects broader altcoin momentum as Cosmos ecosystem begins to outperforms other native blockchain tokens.
It held $4.69 support with on heavy volume, although resistance at $5.15 triggered a period of profit taking.
Trading patterns show continued demand for interoperability tokens as investors rotate into alternatives during what many are describing as "altcoin season."
ATOM goes into the typically lower volume weekend after topping $5.00 for the first time in two months. A hold above $4.69 in the short-term could indicate a bullish resolution next week.
Technical Indicators Analysis
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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.
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https://www.coindesk.com/markets/2025/07/18/atom-sustains-bullish-momentum-despite-intraday-volatility
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