Uncertainty continues to shape cryptocurrency markets as ATOM trades within a tight range between $4.383 and $4.491.
The Cosmos token has demonstrated remarkable stability despite heightened volatility in traditional markets, with strong buyer support emerging at key levels.
Recent political developments have created a complex backdrop for digital assets, though ATOM’s recovery pattern in the last trading hour suggests underlying strength amid the uncertainty.
Technical Analysis
- ATOM-USD traded in a 2.47% range over 24 hours, oscillating between $4.491 and $4.383.
- Strong volume support emerged at $4.437 during the 13:00 hour with above-average volume of 1.17M.
- Resistance level established at $4.479 during the 19:00 hour.
- Notable bearish move occurred at 21:00 when prices dropped to the period low of $4.383.
- Recovery pattern formed in the last hour, with ATOM climbing from $4.449 to $4.460 (0.25% gain).
- Significant volatility at 01:35 created a strong support level at $4.444 with exceptionally high volume (41.8M).
- Steady uptrend formed from 01:43 onward, establishing higher lows.
- Bullish momentum surge between 02:02-02:04 broke above the $4.458 resistance level.
- 60-minute trading range (1.35%) was tighter than previous day’s volatility, suggesting consolidation with bullish bias.