The Atom saw an 8% climb from $ 4.49 to $ 4.84 between 12 August 11:00 and 13 August 10:00, supported by heavy trading volumes of more than 2 million units, which signed a strong institutional interest. The Bullish Momentum proceeded to the final time of the trading, which peeked for $ 4.85 before joining $ 4.83, with significant confirmation of volume that strengthened the breakout above the $ 4.78 resistance. Strong support was established at $ 4.65, which sets the stage for a possible move towards the $ 4.90- $ 5.00 range.
In the last time, the atom increased from $ 4.82 to $ 4.85 – a 0.62% gain – before the emergence of $ 4.83, a 0.21% sinking from high sessions. Interestingly, the level of $ 4.85 was tested and proven by a 24,467-unit spike volume at 10:20, following income extraction led to a measured pullback. The subsequent volume of spikes of 47,638 units at 10:44 and 59,892 units at 10:48 during recovery attempts emphasized ongoing institutional relationships, even in the stages of integration.
Minutes of closure have seen a bit of activity, indicating a brief pause in the trade momentum. However, the combination of prolonged purchase of interest, increasing support levels, and decisive resistance violations suggest atom is properly positioned for ongoing upside down. With the amount of dynamics confirming the bullish’s intent, the owner remains monitoring for a potential challenge of the target price of $ 4.90- $ 5.00 in the near term.
The move is coming as Bitcoin’s dominance has sank below 60% for the first time since January, showing a relative -child in the Altcoin sector. However, if bitcoin can break above a $ 124,000 and forms a new record high, the altcoins can be slippery as the capital rotates back to the BTC.
Basic technical indicators
- Atom showed a compelling trajectory trajectory with a combined -with a range of $ 0.38 (8.52%) Throughout the 23-hour trading period.
- The stable support established at $ 4.65 with a huge volume confirmation during the 02:00 pm recovery.
- The resistance was materialized proximate at $ 4.78 where the price action initially encountered a resistance at 20:00 before upward achievement.
- Noteworthy momentum acceleration occurred at the end of the time, especially at 9am with a rare volume that significantly exceeds the 24-hour average of 1,148,473 units.
- Technical breakout proved by prolonged expansion volume and ascending support.
- Successful review of the $ 4.85 resistance zone with a steady volume confirmation before the harassment of income.
- There are many surges in critical inflection points that prove the institution’s participation within the incorporation stage.
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