ATOM Trades in Narrow Range as Market Volatility Persists
Cryptocurrency markets remain uncertain as ATOM trades between $4.383 and $4.491. The Cosmos token shows stability despite volatility in traditional markets, with strong buyer support at critical levels.
Technical Analysis
- ATOM-USD's 24-hour trading range was 2.47%, fluctuating between $4.491 and $4.383.
- Strong volume support at $4.437 with above-average volume of 1.17M during the 13:00 hour.
- Resistance established at $4.479 during the 19:00 hour.
- Price dropped to a low of $4.383 at 21:00.
- Recovery observed from $4.449 to $4.460 (0.25% gain) in the last hour.
- A significant volatility spike at 01:35 led to strong support at $4.444 with high volume (41.8M).
- Uptrend formed from 01:43 onward, establishing higher lows.
- Bullish momentum surged between 02:02-02:04, breaking above the $4.458 resistance level.
- The 60-minute trading range of 1.35% was tighter than the previous day, indicating consolidation with a bullish bias.