Cosmos’ native Token Atom published a robust 4% gain over the last 24 hours, waving from $ 4.78 to $ 4.89 between July 27 at 1 p.m. 15.00 and 28 July at. 14:00 UTC. Tokens Bullish Progress was supported by clear technical signals, including several higher low low and a decisive outbreak over $ 4.84 resistance level, powered by volume waves that surpassed 1.2 million under key sessions at 1 p.m. 06:00, 12:00 and 13:00 UTC.
The last part of the trade window saw the atom dip cards from a highlight of $ 4.92 to $ 4.88 before rebounded to $ 4.91, reflecting a healthy consolidation phase. This movement was accompanied by falling volume, suggesting that the market can stabilize around $ 4.90- $ 4.91 support zone when dealers are waiting for the next directional feature.
Much of the upcoming price action depends on whether BTC can break out of its current range and form new record highs, a shift over $ 124,000 and a period of consolidation would be positive for the benefit of altcoins including atom.
Technical analysis overview
- Clear the upscale established with more higher low low.
- Resistance violated to $ 4.84 with strong volume confirmation.
- Volume tips exceeded 1.2 million during key outbreak sessions at. 06:00, 12:00 and 13:00 UTC.
- Strong volume support between $ 4.82- $ 4.84.
- The total trade area of $ 0.19 (4%) indicating constructive volatility.
- Consolidation of late session near $ 4.90- $ 4.91 as volume tapered.
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