The Cosmos Token Atom registered a robust profit of 4% in the last 24 hours, increasing from $ 4.78 to $ 4.89 between July 27 at 3:00 p.m. and July 28 at 2:00 p.m. UTC. The Alcista of Token advance was supported by clear technical signals, including multiple higher minimums and a decisive breakdown above the resistance level of $ 4.84, driven by volume increases that exceeded 1.2 million during the key sessions at 06:00, 12:00 and 13:00 UTC.
The last part of the commercial window briefly saw the atom of a peak of $ 4.92 to $ 4.88 before recovering at $ 4.91, which reflects a healthy consolidation phase. This movement was accompanied by a decreasing volume, which suggests that the market may be stabilizing around the support zone of $ 4.90- $ 4.91 while merchants expect the following directional movement.
Much of the next price action will depend on whether BTC can leave its current range and form new records, a change greater than $ 124,000 and a consolidation period would benefit positively Altcoins, including ATOM.
Technical Analysis Summary
- Clean the upper trend established with multiple higher minimums.
- The resistance violated $ 4.84 with a strong volume confirmation.
- The volume peaks exceeded 1.2 million during the key sessions of the break at 06:00, 12:00 and 13:00 UTC.
- Strong volume support between $ 4.82– $ 4.84.
- General negotiation range of $ 0.19 (4%) indicating constructive volatility.
- Consolidation of the late session about $ 4.90– $ 4.91 as the volume decreased.
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