Atom-Use saw a strong volatility between August 13, 15:00 and August 14, 14:00, quoting between $ 4.49 and $ 4.91 with an increase in volume to 5.62m units, more than 322% above average. After keeping $ 4.82– $ 4.85 and briefly reach $ 4.91, the asset faced a sale of an aggressive sale from 06:00 on August 14, touching $ 4.53 at 12:00 in a heavy volume, pointing out a potential capitulation.
Buyers intervened rapidly, establishing a new support about $ 4.60 and restoring confidence in the Cosmos ecosystem. This price level became a key threshold as the sales pressure decreased and trade stabilized.
During the recovery window of 60 minutes from 13:20 to 14:19 on August 14, ATOM increased from $ 4.60 to $ 4.61, reaching its maximum point at $ 4.64 before consolidating in an adjustment of $ 4.59– $ 4.62. This confirmed $ 4.60 as a support base, suggesting a possible launch point for future profits.
While resilience is evident, resistance to $ 4.91 remains without trying. Maintaining $ 4.60 will be crucial to maintain a bullish impulse, with any breakdown risking a renewed downward pressure.
Technical indicators point to consolidation
- Price range of $ 0.42 that represents a volatility of 9% between $ 4.91 maximum and $ 4.49 minimum.
- Increase volume to 5.62 million units, higher than the average of 24 hours of 1.33 million in 322%.
- Resistance level established at $ 4.91 during the early morning of August 14.
- The support base training around $ 4.60 after the recovery of $ 4.53 minimum.
- Consolidation pattern between $ 4.59- $ 4.62 rank that indicates a potential stabilization.
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