ATOM Enters “Trouble Area” as Price Rallies Another 9%; Pain Ahead?

ATOM was among the biggest gainers on cryptocurrency boards this Wednesday as traders assessed its integration into the US-regulated crypto exchange Coinbase. The Cosmos' native token rallied 9 percent on a 24-hour adjusted timeframe, touching an intraday high level near $5.56, hours after Coinbase added support for staking ATOM rewards.

"Starting today, eligible customers can easily start earning 5% APY on their Cosmos (ATOM) held on Coinbase," the exchange announced. Since its launch, the Cosmos core economic model has helped ATOM log a year-on-year gain of 150 percent.

Timeline of Cosmos, Atomic-coin