ATOM Trading at $4.086 After 5.52% Drop Amid Security Concerns
Security measures have been enhanced following the discovery of a North Korea-linked developer contributing to Cosmos code from 2022-2024. Major exchanges are expanding staking options for ATOM holders amid market pressure.
Current price: $4.086, down 5.52% in the last 24 hours.
Technical analysis
- A sell-off occurred on June 16th between 22:00-23:00, with high volume (1.4M+) establishing resistance at $4.29.
- Support is found around $4.06-$4.07, indicating potential stabilization with increasing volume.
- Momentum remains bearish, with lower highs observed across timeframes.
- Recent recovery saw a rise from $4.077 to $4.084 (0.17% increase).
- During 13:24-13:30, ATOM surged from $4.076 to $4.096 on elevated volume.
- The hourly close at $4.084 indicates stabilization above the $4.07 support level.