16 hours ago
ATOM saw an 8% surge from $4.49 to $4.84 betwixt 12 August 11:00 and 13 August 10:00, supported by dense trading measurement of implicit 2 cardinal units, signalling beardown organization interest. The bullish momentum persisted successful the last hr of trading, peaking astatine $4.85 earlier consolidating to $4.83, with important measurement confirmation reinforcing the breakout supra the $4.78 resistance. Strong enactment has been established astatine $4.65, mounting the signifier for a imaginable determination toward the $4.90–$5.00 range.
During the past hour, ATOM roseate from $4.82 to $4.85—a 0.62% gain—before easing somewhat to $4.83, a 0.21% dip from the league high. Notably, the $4.85 level was tested and validated by a 24,467-unit measurement spike astatine 10:20, followed by profit-taking that led to a measured pullback. Subsequent measurement spikes of 47,638 units astatine 10:44 and 59,892 units astatine 10:48 during betterment attempts underscored continued organization engagement, adjacent successful consolidation phases.
The closing minutes saw minimal activity, indicating a little intermission successful trading momentum. However, the operation of sustained buying interest, rising enactment levels, and decisive absorption breaches suggests ATOM is well-positioned for continued upside. With measurement dynamics confirming bullish intent, the plus remains connected way for a imaginable situation of the $4.90–$5.00 terms people successful the adjacent term.
The determination comes arsenic bitcoin dominance dipped beneath 60% for the archetypal clip since January, demonstrating comparative spot successful the altcoin sector. However, if bitcoin tin interruption supra a $124,000 and signifier a caller grounds high, altcoins whitethorn gaffe arsenic superior rotates backmost to BTC.
Key Technical Indicators
- ATOM exhibited a compelling bullish trajectory with an aggregate scope of $0.38 (8.52%) passim the 23-hour trading period.
- Robust enactment established astatine $4.65 with important measurement confirmation during the 02:00 betterment phase.
- Resistance materialised proximate to $4.78 wherever terms enactment initially encountered absorption astatine 20:00 earlier achieving upward breakthrough.
- Notable momentum acceleration occurred during concluding hours, peculiarly astatine 09:00 with exceptional measurement importantly surpassing the 24-hour mean of 1,148,473 units.
- Technical breakout substantiated by sustained measurement enlargement and ascending enactment formation.
- Successful introspection of $4.85 absorption portion with robust measurement confirmation preceding profit-taking pressures.
- Volume surges astatine captious inflection points confirming organization information wrong the consolidation phase.
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