ATOM Price Volatility Peaks with 322% Increase in Trading Volume
ATOM-USD experienced significant volatility from 13 August 15:00 to 14 August 14:00, trading between $4.49 and $4.91. Trading volume surged to 5.62 million units, surpassing the average by 322%. After a brief peak at $4.91, the price dropped to $4.53 amid heavy selling pressure on 14 August.
Following this decline, buyers established support near $4.60, restoring confidence in the Cosmos ecosystem. During a recovery period from 13:20 to 14:19, ATOM rose slightly from $4.60 to $4.64 before stabilizing in a range of $4.59–$4.62.
Key points include:
- Price volatility of 9% with a maximum of $4.91 and a minimum of $4.49.
- Volume increase to 5.62 million units, significantly above the average of 1.33 million.
- Resistance level at $4.91 identified on 14 August.
- Support formed around $4.60 after a drop to $4.53.
- Consolidation observed between $4.59-$4.62, indicating potential stabilization.
Maintaining the $4.60 support is crucial for bullish momentum; failure to do so may lead to further declines.