ATOM Establishes Support at $4.25 After 4.7% Decline
The cryptocurrency market is facing instability due to global economic developments.
ATOM has found support around $4.25 after a 4.7% drop, with increased buying volume indicating potential recovery.
This follows conflicting trade policies from major economies and ongoing geopolitical tensions affecting both traditional and cryptocurrency investments.
Technical analysis
- Support zone established at $4.25-$4.27, validated by high volume of 1.42M at 20:00.
- ATOM rose from $4.295 to $4.314, a 0.45% increase in the final hour.
- Uptrend noted with higher lows and highs between 07:10-07:21, peaking at $4.338.
- Significant buying interest observed during uptrend phases at 07:15 and 07:20 with volume over 25,000 units.
- Final 15 minutes showed bullish momentum, closing near hourly high at $4.309.