JPMorgan Files Trademark for Digital Asset Platform as Wall Street’s Crypto Embrace Continues
ATOM Surges 6% as Crypto Markets Bounce Back
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Oliver Knight
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BTC
$107,729.38
+
2.00%
ETH
$2,643.43
+
4.05%
USDT
$1.0003
+
0.01%
XRP
$2.3235
+
6.09%
BNB
$658.73
+
1.66%
SOL
$157.96
+
4.18%
USDC
$0.9999
+
0.02%
TRX
$0.2828
+
3.59%
DOGE
$0.1790
+
1.38%
ADA
$0.6554
+
3.46%
HYPE
$44.93
+
10.47%
WBT
$51.49
+
31.21%
SUI
$3.1300
+
4.00%
BCH
$467.45
+
1.99%
LINK
$13.89
+
5.18%
LEO
$9.2296
+
0.27%
AVAX
$19.88
+
3.97%
XLM
$0.2696
+
3.27%
RYO
$4.1502
+
0.96%
TON
$3.0238
+
1.76%
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By Oliver Knight, CD Analytics
Updated Jun 16, 2025, 3:13 p.m. Published Jun 16, 2025, 3:13 p.m.
- ATOM has staged an impressive 6% recovery, climbing from $4.01 to $4.27 in the past 24 hours.
- The move comes as crypto markets snap back following a sell-off linked to the emerging conflict between Iran and Israel.
The impact of conflict in the middle east appears to be waning with ATOM forming a clear bottoming pattern around the $4.01-$4.05 support zone before breaking through resistance levels with strong volume.
Technical Indicators
STORY CONTINUES BELOW
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- ATOM formed a clear bottoming pattern around the $4.01-$4.05 support zone during the 20:00 hour on June 15, with above-average volume confirming strong buyer interest.
- The recovery gained significant momentum during the 05:00-07:00 hours on June 16, breaking through the $4.18 resistance level with sustained high volume.
- Price established a new uptrend channel with higher lows and higher highs, suggesting continued bullish momentum.
- During the last hour, ATOM climbed from $4.244 to $4.274, representing a 0.7% gain.
- Price action formed a clear ascending channel with higher lows at $4.238, $4.249, and $4.262, confirming the bullish momentum.
- A significant volume spike occurred at 14:02, when price broke through the $4.265 resistance level with over 32,000 units traded.
- ATOM established a new local high at $4.274 before consolidating, confirming the continuation of the broader recovery trend.
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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