ATOM Gains 4% as Technical Signals Indicate Bullish Momentum
The native token of Cosmos, ATOM, gained 4% in 24 hours, rising from $4.78 to $4.89 between July 27 at 15:00 and July 28 at 14:00 UTC. This increase was supported by:
- Multiple higher lows indicating a clear uptrend.
- Breakout above the $4.84 resistance level with strong volume confirmation.
- Volume exceeding 1.2 million during breakout sessions at 06:00, 12:00, and 13:00 UTC.
- Support established between $4.82–$4.84.
- A trading range of $0.19 (4%), suggesting constructive volatility.
- Consolidation near $4.90–$4.91 as volume decreased.
Future price movements may depend on whether BTC can break its current range and achieve new highs above $124,000. A successful breakout would likely benefit altcoins, including ATOM.