After a large sales pressure attack during the early hours of July 24, ATOM demonstrated an impressive resilience, bouncing an intradic minimum of $ 4.47 to close the session at $ 4.77. The 7% swing within 24 hours, defined by a peak of $ 4.82 and a minimum of $ 4.47, was backed by a heavy volume greater than 2.28 million units, indicating a strong interest in the lower limit. The rapid absorption of the pressure on the side of the sale and the subsequent recovery reflects a robust technical base, with $ 4.47 now emerging as a key support level to observe.
To the zoom in the last hour of commerce, Atom achieved a greater exhibition of upward resolution. He opened the time at $ 4.69 and set up a sustained rally, briefly violating the resistance zone of $ 4.80 in volume greater than 77,000 units. While that highest thrust was found with a quick distribution near the top, which led to a late session drop at $ 4.74, the Token still obtained a 1% gain during the time. The employer underlines the opportunistic gain taking near resistance, but does not deny the constructive tone built from the recovery of the morning.
Atom’s strong performance comes at a time when the broader feeling of the market is changing. After a week that many called “Altcoin season” with unbridled profits in second level tokens, the tide seems to be turning. Several altcoins are now seeing setbacks, heavy when changing the risk appetite and the gravitational impulse of BTC and ETH volatility. In that context, the atom ability to maintain higher land and attract volume at key levels suggests that it may be better positioned than colleagues to resist this cooling phase in the Altcoin cycle.
Technical indicators highlight key levels
- General negotiation range of $ 0.33 representing 7% fluctuation between $ 4.82 maximum and $ 4.47 minimum.
- A strong volume support established at a level of $ 4.47 with the negotiation exceeding 2.28 million units.
- Critical resistance threshold identified at $ 4.80 with a high volume greater than 77,000 units.
- Recovery moment of $ 4.47 Low at $ 4.77 Close indicating the absorption of the buyer of the sale pressure.
- Obtaining activity of the late session about the resistance levels while the upward trajectory is maintained.
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