ATOM Maintains Support Levels Despite Global Economic Uncertainties
Global economic uncertainties impact cryptocurrency markets as nations adjust to complex trade dynamics. ATOM shows resilience, maintaining support levels amid market volatility.
The Cosmos ecosystem faces challenges and opportunities as global economic shifts may influence blockchain development priorities and investment flows.
Technical analysis
- ATOM had a 2.94% trading range over 24 hours, consolidating between support at $4.26-4.28 and resistance at $4.36-4.38.
- A volume spike to 891,072 units at 02:00 coincided with price rejection at $4.31, creating a high-volume support zone.
- The asset recovered from a low of $4.26 at 10:00, indicating accumulation despite sideways movement.
- ATOM broke out of consolidation with an upward move from $4.29 to $4.31, marking a 0.47% gain.
- Breakout was confirmed by elevated volume during 13:32-13:39 when price reached $4.32.
- After testing the $4.32 resistance, ATOM saw minor profit-taking but held support above $4.30.