Coinbase adds dYdX native network integration while geopolitical tensions drive investors toward decentralized alternatives.
Updated Aug 7, 2025, 4:34 p.m. Published Aug 7, 2025, 4:34 p.m.
Technical Analysis Shows Strong Bullish Momentum
ATOM posts volatile trading in the final hour from 13:06 to 14:05 on August 7. Price climbs from $4.41 to $4.43 peak at 13:40 before sliding back to $4.41. Net decline hits 0.02%. Volume spikes to 37,187 units at 13:39, pushing price above $4.42 resistance. New resistance forms at $4.43. Selling pressure emerges as volume fades toward session close. Price consolidates around $4.41 support.
Key Market Movements and Economic Factors
- ATOM jumps 3.40% in 23-hour window from August 6 15:00 to August 7 14:00. Breaks key resistance on heavy volume.
- Coinbase lists COSMOSDYDX token on roadmap. Exchange announces direct dYdX support on native Cosmos network.
- Cronos rockets 76% over 30 days. Protocol upgrades and ETF speculation with Crypto.com drive gains.
Cosmos Ecosystem Gains Momentum Amid Market Shifts
Cosmos ecosystem accelerates as ATOM climbs from $4.26 to $4.41. Trading volume surges. Coinbase embraces Cosmos projects including dYdX native integration. Rally coincides with broader market rotation. Investors pivot to decentralized alternatives amid trade tensions. Monetary policy uncertainty weighs on traditional markets.
Technical Indicators Signal Continued Upside
- ATOM delivers strong bullish momentum over 23 hours from August 6 15:00 to August 7 14:00. Price surges from $4.26 to $4.41, posting 3.40% gain with $0.18 range.
- Token establishes critical support at $4.29. High-volume confirmation during multiple retests.
- Resistance emerges at $4.34 before decisive break at 10:00 session. Volume hits exceptional 1,695,921 units.
- Breakout above $4.34 resistance backed by volume exceeding 24-hour average of 674,298 units.
- Technical structure stays constructive. Higher lows pattern intact. Momentum indicators support further upside.
- Breakout targets $4.43 Fibonacci extension level.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
CD Analytics
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.
Oliver Knight
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.
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ICP Pushes Higher as Strong Volume Secures Bullish Momentum
Internet Computer defends key support with multi-million unit volume surges, fueling a breakout toward $5.40 resistance
What to know:
- ICP gained 2.29% in the 24 hours to Aug. 8, moving from $5.25 to $5.37 within a $0.26 range.
- Volume spikes reached 3.13M and 6.93M units, far above the 876K baseline.
- Price held firm at $5.24–$5.27 support before breaking $5.36, challenging $5.39–$5.42 resistance.
