The native token atom of Cosmos posted a robust gain of 4% in the last 24 hours, going from $ 4.78 to $ 4.89 between July 27 at 3:00 p.m. and July 28 at 2:00 p.m. UTC. The bullish advance of the token was supported by clear technical signals, including several highest stockings and a decisive break above the resistance level of $ 4.84, fueled by volume overvoltages which exceeded 1.2 million during key sessions at 06:00, 12:00 and 1:00 UTC.
The last part of the negotiation window saw the atom transform briefly from a peak of $ 4.92 to $ 4.88 before rebounding at $ 4.91, reflecting a healthy consolidation phase. This movement was accompanied by a decreasing volume, suggesting that the market can stabilize around the support area of $ 4.90 to $ 4.91 while traders are waiting for the next directional decision.
A large part of the next price action will depend on the question of whether BTC can get out of its current range and train new records, a change greater than $ 124,000 and a period of consolidation would benefit positively to altcoins, including the atom.
Technical analysis summary
- Clear Uprend established with several lower.
- Resistance violated at $ 4.84 with high volume confirmation.
- The volume tips exceeded 1.2 million during key sessions at 06:00, 12:00 and 1:00 pm UTC.
- Solid volume support between $ 4.82 and $ 4.84.
- Overall negotiations of $ 0.19 (4%) indicating constructive volatility.
- Consolidation at the end of the session nearly $ 4.90 to $ 4.91 as a volume is stretched.
Non-liability clause: Parties of this article were generated with the help of AI tools and examined by our editorial team to guarantee the accuracy and membership of Our standards. For more information, see Complete Coindesk AI policy.
