ATOM Recovers to $4.001, Solidifies Key Support Zone
Tensions in the Middle East are impacting cryptocurrency markets. The Cosmos ecosystem token, ATOM, has shown notable resilience in recent trading.
Key Points:
- ATOM-USD recovered from a dip to $3.939, establishing support around $4.000.
- The trading range of $0.121 (3.05%) indicates moderate volatility, with a bullish surge at 20:00 raising prices by 2.16% on above-average volume, setting resistance at $4.059.
- The psychological level of $4.000 is a key support zone, confirmed by multiple tests and buyer interest.
- A developing ascending trendline on the 4-hour chart suggests cautious bullish momentum despite a pullback from $4.029 to $3.998.
- Significant volatility occurred with a drop from $4.026 to $3.996, breaking below the $4.000 support level.
- A volume spike was noted at 13:33 with over 47,000 units traded during the sell-off.
- The price found support around $3.995 and recovered, crossing back above $4.000, currently stabilizing at $4.001.