- ATOM surged in quantity, hitting 5.62M items — over triple its each day common — throughout a unstable session.
- Patrons defended $4.60 after a pointy drop to $4.53, stabilizing the market.
- Resistance at $4.91 stays the following massive hurdle for bulls.
ATOM-USD noticed a rollercoaster 24 hours, whipping between $4.49 and $4.91 whereas buying and selling quantity exploded to five.62M items — that’s over 322% above its normal tempo. The spike in exercise got here throughout a pointy noon selloff that dragged the worth to $4.53 earlier than consumers swooped in to regular the ship.
The Noon Shakeout
Early momentum carried ATOM into the $4.82–$4.85 pocket, even tagging $4.91 earlier than the wheels got here off at 06:00 UTC on Aug. 14. Heavy promoting stress hit like a hammer, flushing the worth right down to $4.53 by noon. The sheer quantity on that drop has some merchants eyeing it as doable capitulation — the type of transfer that shakes out weak arms earlier than a bounce.
Assist Holds the Line
It didn’t take lengthy for consumers to regroup. Recent bids stacked up round $4.60, making a agency assist base and calming the market jitters. From 13:20 to 14:19 UTC, ATOM crept from $4.60 to $4.64 earlier than settling into a good $4.59–$4.62 vary. That worth zone now seems to be just like the battleground for short-term momentum — maintain it, and bulls may need one other shot at testing larger ranges.
Eyes Nonetheless on $4.91
Whereas the $4.60 ground is stable for now, resistance up at $4.91 remains to be untouched. Breaking by that ceiling might unlock additional good points, however dropping $4.60 would doubtless open the door for extra draw back stress. Merchants are watching carefully to see which stage blinks first.