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ATOM Surges 6% After V-Shaped Recovery Amid Global Tensions
Cosmos token demonstrates resilience despite market volatility triggered by Middle East conflict.
Updated Jun 23, 2025, 11:51 a.m. Published Jun 23, 2025, 11:51 a.m.
What to know:
- US military strikes on Iranian nuclear facilities have sent shockwaves through global markets, briefly pushing Bitcoin below $100,000.
- Cosmos (ATOM) demonstrates resilience amid market volatility, maintaining support around $3.76 after experiencing a V-shaped recovery pattern.
Geopolitical tensions in the Middle East are reshaping the cryptocurrency landscape as military actions between the US, Israel, and Iran create market uncertainty.
Despite the turbulence, ATOM has shown remarkable stability, recovering from a sharp 5.83% decline to establish strong support zones.
STORY CONTINUES BELOW
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Technical Analysis: ATOM's Recovery Pattern
- ATOM-USD experienced a notable recovery pattern over 24 hours, dropping from $3.77 to a low of $3.55 (5.83% decline) before rebounding to close at $3.77.
- A significant volume spike of over 6 million during the 15:00 hour established strong support around $3.64, while resistance emerged near $3.79.
- The price action formed a clear V-shaped recovery pattern with higher lows developing throughout the latter half of the period, suggesting renewed bullish momentum.
- In the last hour, ATOM-USD continued its recovery momentum, surging from $3.76 to $3.77.
- A significant breakout occurred at 11:16 when prices jumped from $3.77 to $3.79, accompanied by the hour's highest volume spike of nearly 28,000 units.
- The price action formed a clear ascending channel with strong support at $3.76, while resistance emerged at $3.78 during the 11:17 period.
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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.
Lebih untuk Anda
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
Yang perlu diketahui:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
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