The Cosmos ecosystem token, ATOM, has established solid support at $4.50 while traders assess the influence of both traditional finance and digital asset markets. In the past 24 hours, Ethereum whales have ramped up their activity, with a significant increase of 164.14% in large transaction volumes amounting to $7.84 billion. This trend could herald the beginning of an altcoin season, a phase in which ATOM might benefit from renewed investor interest.
ATOM-USD has demonstrated notable volatility, trading within a 3.5% range. The price reached a peak of $4.619 before correcting to $4.498. Importantly, buyers supported the price at $4.502, with a volume of 1.63 million units, significantly surpassing the 24-hour simple moving average. Following a brief price correction, a higher low formed at $4.522, indicating potential upward momentum. However, traders should remain cautious of resistance at around $4.600.
Intraday movements for ATOM-USD exhibited pronounced volatility, with an increase from $4.556 to a peak of $4.589 within 22 minutes. This rise was supported by a surge in trading volume, notably peaking at 77,531 units. Still, prices faced a quick reversal, dropping 2.1% back to $4.556 before recovering to $4.564, reflecting a trend towards stability after a turbulent trading period.
ATOM-USD has demonstrated notable volatility, trading within a 3.5% range. The price reached a peak of $4.619 before correcting to $4.498. Importantly, buyers supported the price at $4.502, with a volume of 1.63 million units, significantly surpassing the 24-hour simple moving average. Following a brief price correction, a higher low formed at $4.522, indicating potential upward momentum. However, traders should remain cautious of resistance at around $4.600.
Intraday movements for ATOM-USD exhibited pronounced volatility, with an increase from $4.556 to a peak of $4.589 within 22 minutes. This rise was supported by a surge in trading volume, notably peaking at 77,531 units. Still, prices faced a quick reversal, dropping 2.1% back to $4.556 before recovering to $4.564, reflecting a trend towards stability after a turbulent trading period.
