ATOM-USD sustained its robust recovery path during the final 60 minutes from 9 July 14:27 to 15:26, climbing from $4.22 to $4.21 despite opening volatility that witnessed the cryptocurrency test support near $4.18 around 14:30-14:45 before establishing a sustained upward movement.
The period showcased classic technical advancement with ATOM securing strong support around the $4.18 level during the first thirty minutes, followed by a decisive breakthrough above $4.20 at 14:56 that generated increased volume activity surpassing 46,000 units, ultimately creating new resistance around $4.21-$4.22 levels with decreasing volatility in the final minutes suggesting consolidation above key psychological support.
ATOM’s rise comes alongside renewed optimism across the altcoin market, with analysts suggesting a potential altcoin season if bitcoin can manage to form a new record high and consolidate.
Technical Indicators Signal Continued Strength
- Opening rally to $4.17 at 17:00 created key resistance zones around $4.17-$4.18.
- Solid support area established between $4.09-$4.11 during overnight decline.
- Volume surge exceeding 1.11 million during opening breakout sequence.
- Sustained recovery formation developed from 05:00 forward. • Enhanced trading volumes above 800,000 during key breakout instances.
- Final hour breakthrough above $4.20 generated volume increase surpassing 46,000 units.
- Fresh resistance created around $4.21-$4.22 zones.
- Decreasing volatility in final minutes suggests consolidation sequence.
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