Atom throws 5% in spite of recovery attempts in the middle of bearish pressure

Technical analysis shows mixed signals
  • Atom falls 4.51% over 24 hours ending on July 29, 11:00, sliding from $ 4.88 to $ 4.66 when recovery bid fails.
  • The Cosmos -Ecosystem crosses 100 live chains on mapof zones, while XRP integration progresses via Cosmos SDK and IBC protocols.
  • Shadex debuts as Cosmos’ first encrypted money market and provided institutional quality privacy through Cosmosdk and Cosmwasm Tech.
Market performance analysis

Nuclear matches Volatile sessions with resistance limited to $ 4.95 before accommodation support occurs near $ 4.56. The token shows battle with recovery drives against $ 4.77, but selling waves pushes close to $ 4.66, signaling sustained bear grips in the short term.

Key technical indicators
  • Resistance holds at $ 4.95 in the opening with a strong volume that affects 1,889,637 units.
  • Support arises about $ 4.56 during night sessions.
  • Trading Range spans $ 0.37, which marks 7.58% intraday volatility.
  • Recovery bid is launched from 05:00 and drives prices against $ 4.77.
  • To sell wave at. 10:51 brings outstanding volume on 193,762 units.
  • Sharp 1.87% single minute drop creates session support for $ 4.63.
  • Recovery Momentum breaks several resistance barriers.
  • Close near the session tops signaling fresh purchase appetite.

Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top