Atom faces a sharp drop in the middle of high volume sales

Atom-USD experienced strong volatility between August 13 at 3 p.m. and August 14, 2 p.m., negotiating between $ 4.49 and $ 4.91 with a volume of volume at 5.62 million units, more than 322% above the average. After held the range from $ 4.82 to $ 4.85 and briefly reached $ 4.91, the asset was faced with an aggressive sale from 06:00 on August 14, below $ 4.53 at 12:00 p.m. in heavy volume, reporting potential capitulation.

Buyers quickly intervened, establishing new support nearly $ 4.60 and restoring confidence in the cosmos ecosystem. This price level has become a key threshold because the sales pressure was held and trading has stabilized.

During the recovery window from 60 minutes from 1:20 p.m. to 2:19 p.m. on August 14, Atom increased from $ 4.60 to $ 4.61, culminating at $ 4.64 before consolidating in a tight range of $ 4.59 to $ 4.62. This confirmed $ 4.60 as a support base, suggesting a potential launch point for future gains.

Although resilience is obvious, resistance at $ 4.91 remains un tackled. The detention of $ 4.60 will be crucial to maintain a bullish dynamic, with any rupture risking a renewed drop pressure.

(ATOM / USD / TradingView)

Technical indicators indicate consolidation
  • Price range of $ 0.42 representing a volatility of 9% between $ 4.91 maximum and $ 4.49 minimum.
  • The volume increases to 5.62 million units, exceeding the average of 24 hours of 1.33 million 322%.
  • Resistance level established at $ 4.91 early in the morning of August 14.
  • Support the basic formation of around $ 4.60 after the resumption of $ 4.53 low.
  • Consolidation model between $ 4.59 and $ 4.62, indicating potential stabilization.

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