ATOM Finds Support at $4.50 as Ethereum Whales Signal Potential Altcoin Season

News In 4 Seconds
Oliver Knight
June 11, 2025
0
2
26 minutes read

Share this article

Updated Jun 11, 2025, 4:10 p.m. Published Jun 11, 2025, 4:10 p.m.

ATOM has key support around $4.50, with strong buying volume confirming this level amid volatile price swings and a 3.5% daily trading range.
Ethereum whale activity surged 164%, boosting large transaction volumes to $7.84B, hinting at a possible altcoin season benefiting tokens like ATOM.
Recent price action shows a higher low at $4.522 and resistance near $4.60, indicating potential bullish momentum but caution around breakout levels.

The Cosmos ecosystem token has established key support levels around $4.50 as traders navigate the complex interplay between traditional finance concerns and digital asset opportunities.

Ethereum whales have doubled their transaction activity in 24 hours, with large transaction volumes surging 164.14% to $7.84 billion, potentially signaling the start of an altcoin season, of which ATOM would benefit.

STORY CONTINUES BELOW

Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today.See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to ourterms of useandprivacy policy.

ATOM-USD experienced a volatile trading session with a 3.5% range, showing strong volume support at the $4.502 level where buyers stepped in with 1.63M volume.

Technical Analysis Breakdown

ATOM-USD exhibited a notable trading range of 0.157 (3.5%) over the 24-hour period, with price action characterized by an initial uptrend reaching a peak of 4.619 before experiencing a sharp correction to 4.498.
Strong volume support emerged at the 4.502 level during the 12:00 hour, where buyers stepped in with 1.63M volume (significantly above the 24-hour SMA), propelling prices back above 4.560.
The formation of a higher low at 4.522 following the correction suggests potential bullish momentum building, though resistance around 4.600 remains a key level to monitor for potential breakout opportunities.
In the last hour, ATOM-USD demonstrated notable volatility with a clear uptrend followed by a sharp correction.
Price action began at 4.556 and climbed steadily to reach a peak of 4.589 at 13:27, representing a 0.7% gain within 22 minutes.
This rally was supported by increasing volume, particularly at 13:17 where volume spiked to 77,531 units.
A significant reversal occurred at 13:31, with prices dropping 2.1% to 4.556 by 13:57, forming a key support level that buyers defended.
The final minutes showed modest recovery with prices consolidating around 4.564, suggesting potential stabilization after the volatile session.

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.

All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.

CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.