ATOM Drops 4.51% as Market Faces Continued Bearish Pressure
Technical Analysis Overview
- ATOM decreased by 4.51% over 24 hours, from $4.88 to $4.66.
- Cosmos ecosystem surpassed 100 live chains on MapOfZones; XRP integration is advancing via Cosmos SDK and IBC protocols.
- ShadeX launched as the first encrypted money market in Cosmos, offering institutional-grade privacy.
Market Performance Summary
ATOM faces volatility with resistance at $4.95 and support around $4.56. Recovery attempts reached $4.77 but selling pressure returned prices to $4.66, indicating ongoing bearish trends.
Key Technical Indicators
- Resistance at $4.95 with a trading volume of 1,889,637 units.
- Support found at $4.56 during overnight sessions.
- Intraday volatility recorded at 7.58%, with a trading range of $0.37.
- Recovery bid initiated at 05:00, pushing prices towards $4.77.
- Selling surge at 10:51 reached a volume of 193,762 units.
- A single-minute drop of 1.87% set session support at $4.63.
- Recovery momentum has breached several resistance levels.
- Close to session peaks indicates renewed buying interest.