ATOM ranged into a $ 0.12 corridor between $ 4.22 and $ 4.33, a 3% range that reflects the strategic positioning of the currency amid winds against winds against. In spite of intradic volatility, the price action was largely constructive, with bulls organizing a break near UTC midnight on August 4 that took the tab to a $ 4.33 session. The rally was backed by a large commercial volume, reaching a maximum of 723,991 units during the ascending increase, before facing the resistance in the newly formed high.
A reliable support floor solidified at $ 4.26 after multiple successful tests during the session. Meanwhile, the range of $ 4.29– $ 4.30 arose as resistance to immediate general expenses, which suggests that a short -term consolidation channel is being formed.
INTRADY snapshot: fast profits in the final hour
The most dramatic price movement occurred within a one -hour window between 13:08 and 14:07 UTC on August 4. Atom initially consolidated in the $ 4.26– $ 4.27 band before activating a break at 13:35. The movement brought the price to $ 4.29 with 1%intradic earnings. The volume increased more than 288,000 units during this rapid ascent, indicating a robust purchase entry driven by impulse.
At the end of the hour, Atom had stabilized in the range of $ 4.28– $ 4.29, since the volume decreased, but the price remained near the top local ones, indicating the conviction of the buyer and a reduced pressure of profits.
Technical Analysis: Broke -up indicators
- Rupture confirmation: Strong upward movement from $ 4.28 to $ 4.33 during the high volume peak (723,991 units), signaling signaling with conviction.
- Support formation: $ 4.26 proven several times and maintained, reinforcing as a critical short -term support level.
- Resistance Band: $ 4.29– $ 4.30 now acts as a short -term roof, potential pivot zone for the next section.
- Rally directed by volume: More than 288,000 units exchanged during 13:37 Breakout confirms the institutional or impulse activity of the merchant.
- Two phase structure: The initial consolidation phase followed by an acute break and stabilization indicates a potential continuation pattern.
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