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Cosmos ‘Atom’ retreats 10% to high-volume breakout rally

The uncertainty in the Middle East between Iran and Israel continues to shape cryptocurrency performance as the atom shows the amazing strength with a decisive breakout.
Cryptocurrency has emerged from $ 3.787 to $ 4.042, which established new support above the psychological $ 4.00 level with strong consumer beliefs.
Technical analysis
- Atom-USD showed a 6.73% that gained more than 24 hours, with a total price range of $ 0.359 (9.52%).
- The decisive breakout took place at 22:00 on June 23, with a price falling to the resistance level of $ 4.00.
- The trading volume during the breakout reached 2,027,234 units, nearly a 24 -hour SMA of 1,023,000.
- A new level of high volume resistance was established at $ 4.09. • Post-breakout, atom maintains support above $ 4.00 with a reduction of volatility, suggesting integration.
- In the latest time, atom experienced a bullish breakout at 12:03, which fell from $ 4.035 to $ 4.042.
- This mini-rally continued at $ 4.046 at 12:04, representing a 1.0% gain in just two minutes.
- The extraordinary high volume in this move (108,229 units at 12:03, followed by 91,550 units at 12:04) indicates the consumer’s strong belief.