Share this article
ATOM Rebounds From 5% Drop as Buyers Defend Key Support Level
Market watchers eye potential recovery after significant volume spike signals strong buying interest at critical price floor.
Jun 5, 2025, 12:13 p.m.
What to know:
- ATOM experienced a 5% price decline before finding strong support at the $4.25 level, triggering a recovery rally.
- Escalating US-China trade tensions and potential ECB rate cuts created mixed signals across cryptocurrency markets.
- High-volume buying at support levels suggests institutional or whale accumulation despite broader market uncertainty.
The cryptocurrency market continues navigating choppy waters amid complex global economic developments.
ATOM has established crucial support around $4.25 after experiencing a 4.7% decline, with significant buying volume suggesting potential recovery.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
This price action comes as major economies implement conflicting trade policies, creating ripple effects across financial markets worldwide.
Central banks' shifting monetary stance on inflation could provide breathing room for digital assets, though ongoing geopolitical tensions continue to create market uncertainty that impacts both traditional and cryptocurrency investments.
Technical analysis
- Price formed a clear support zone around $4.25-$4.27, validated by high volume buying at the 20:00 timeframe where volume spiked to 1.42M.
- Recovery pattern emerged in the final hour, with ATOM climbing from $4.295 to $4.314, representing a 0.45% gain.
- Price action formed a clear uptrend with higher lows and higher highs between 07:10-07:21, peaking at $4.338.
- Volume analysis reveals significant buying interest during the uptrend phase, particularly at 07:15 and 07:20 timeframes where volume exceeded 25,000 units.
- Final 15 minutes showed renewed bullish momentum with price establishing support at $4.309 and closing near the hourly high.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
