Cosmos’ ATOM Gains 6% as Investors Return to Risk Assets Amid Middle East De-escalation
ATOM, the native token of the Cosmos ecosystem, rebounded sharply on Sunday, rising more than 6% to reclaim bullish momentum as geopolitical tensions appeared to ease and crypto markets showed early signs of stabilization.
The token bottomed out near $4.02 late Saturday, forming a strong support base that set the stage for a breakout. Traders cited renewed confidence in decentralized ecosystems and Layer-1 scalability plays as key drivers of ATOM’s strength.
Technical Snapshot:
- ATOM bounced off the $4.01–$4.05 range around 20:00 UTC on June 15, showing significant buy-side interest.
- Momentum accelerated through June 16’s early hours, with price clearing the $4.18 resistance zone during a two-hour rally window.
- Bullish structure was confirmed by a consistent series of higher lows and volume-led breakouts, including a surge past $4.265 on a spike of over 32,000 ATOM traded.
- The token hit an intraday peak of $4.274 before consolidating just below resistance, indicating potential for a continued push higher.
With investors increasingly positioning around network fundamentals and staking participation, ATOM’s recent move suggests a renewed appetite for scalable, interoperable crypto ecosystems amid broader market recovery.
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