Cosmos’ ATOM Prices Surge 6.73% in High-Volume Breakout
Uncertainty in the Middle East is influencing cryptocurrency performance, notably with ATOM showing significant strength after a breakout.
Key developments include:
- ATOM rose from $3.787 to $4.042, establishing support above $4.00.
- The price increased by 6.73% over 24 hours, with a total price range of $0.359 (9.52%).
- A breakout occurred at 22:00 on June 23rd, surpassing the $4.00 resistance.
- Trading volume during the breakout reached 2,027,234 units, nearly double the 24-hour SMA of 1,023,000.
- A new resistance level was established at $4.09.
- Post-breakout, ATOM maintained support above $4.00 with decreasing volatility, indicating consolidation.
- At 12:03, ATOM surged from $4.035 to $4.042, followed by a mini-rally to $4.046 within two minutes.
- This move showed high volume, with 108,229 units traded at 12:03 and 91,550 units at 12:04, reflecting strong buyer interest.