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By Oliver Knight, AI Boost|Edited by Stephen Alpher
Updated Jun 2, 2025, 2:41 p.m. Published Jun 2, 2025, 2:27 p.m.
- Cosmos’ ATOM token experienced a spike in trade volume as it begins to break out of a consolidation pattern.
- It is currently trading at $4.30 after recovering from $4.26.
Global economic uncertainties continue to ripple through cryptocurrency markets as nations navigate an increasingly complex trade landscape. ATOM has demonstrated remarkable resilience amid these tensions, maintaining critical support levels despite broader market volatility.
The Cosmos ecosystem, known for its interoperability solutions, faces both challenges and opportunities as global economic realignments potentially reshape blockchain development priorities and investment flows.
STORY CONTINUES BELOW
- ATOM exhibited a 2.94% trading range over 24 hours, consolidating between support at $4.26-4.28 and resistance at $4.36-4.38.
- A significant volume spike to 891,072 units during the 02:00 hour coincided with price rejection at $4.31, establishing a high-volume support zone.
- The asset recovered from the $4.26 low at 10:00, with subsequent higher lows suggesting accumulation despite sideways movement.
- ATOM broke out of its consolidation pattern with an upward move from $4.29 to $4.31, representing a 0.47% gain.
- The breakout was confirmed by elevated volume during the 13:32-13:39 period where price reached $4.32.
- After testing the $4.32 resistance level, ATOM experienced minor profit-taking but maintained support above $4.30.
Disclaimer: Parts of this article were created with AI.
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.
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.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
