“Atom-USD Rebounded Sharply From A Middle Selloff, With Heavy Volume and Fresh Support at $ 4.60 Signaling Renewed Buyer Confidentnce, Even As Resistance at $ 4.91 Revens.”, – WRITE: www.coindesk.com
Buyers Quickly Stepped in, Establishing Fresh Support Near $ 4.60 and Restoring Confidentnce in the Cosmos EcoSystem. This Price Level Became A Key Thresold As Selling Pressure Eased and Trading Stabilized.
Durying the 60-minute recovery Window from 13:20 to 14:19 on 14 August, Atom Rose from $ 4.60 to $ 4.61, Peaking At $ 4.64 Before Consolidating in A Tight $ 4.59-$ 4.62 Range. This ConfirMed $ 4.60 As A Support Base, Suggesting A Potential Launch Point for Future Gains.
While Resilience is Evident, Resistance at $ 4.91 Remains Unested. HOLDING $ 4.60 WILL BE CRUCial for Maintening Bullish Momentum, with Any Breakdown Risking Renewed Downside Pressure.
(Atom/USD/TradingView)
Technical Indicators Point to Consolidation
- Price Range of $ 0.42 Representing 9% Volatility Between $ 4.91 Maximum and $ 4.49 Minumum.
- Volume Spike to 5.62 Million Units, Exceeding 24-Hour Average of 1.33 Million by 322%.
- Resistance Level Establized at $ 4.91 During Early Morning Hours of 14 August.
- SUPPORT BASE FORMATION AUND $ 4.60 Following Recovery from $ 4.53 Low.
- Consolidation Pattern Between $ 4.59- $ 4.62 Range Indicating Potential Stabilization.
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