Technical analysis shows mixed signals
- Atom drops by 4.51% over 24 hours ending on July 29, 11:00 a.m., from $ 4.88 to $ 4.66 as recovery offers fail.
- The Cosmos ecosystem crosses 100 live channels on Mapofzones while XRP integration progresses via the Cosmos SDK and IBC protocols.
- Shadex made its debut as the first encrypted monetary market of Cosmos, offering confidentiality of institutional quality via Cosmossdk and Cosmwasm Tech.
Market performance analysis
Atom fights for volatile sessions with resistance capped at $ 4.95 before night support emerges almost $ 4.56. The token shows the fight against recovery training around $ 4.77, but the sale of waves pushes almost $ 4.66, reporting in the short term persistent grip.
Key technical indicators
- The resistance lies firm $ 4.95 at opening with a heavy volume reaching 1,889,637 units.
- Support emerges approximately $ 4.56 during night sessions.
- The negotiation range extends over $ 0.37, marking 7.58% intraday volatility.
- The recovery offer will be launched from 05:00, which led prices to $ 4.77.
- Selling a wave at 10:51 am providing an exceptional volume of 193,762 units.
- A net drop of 1.87% of one minute established a session support at $ 4.63.
- Recovery momentum breaks several resistance barriers.
- Close near the session peaks report the fee for fresh purchase.
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