ATOM Rebounds After Sharp 6% Swing in Volatile Trading Session
Main Idea
ATOM experienced significant volatility with a 6% swing during a 23-hour trading session, rebounding in the final hour to establish new support levels.
Key Points
1. ATOM's price swung 6.20% between $4.77 (high) and $4.48 (low) from August 10 at 15:00 to August 11 at 14:00.
2. Early on August 11, ATOM climbed from $4.66 to $4.75 amid a surge in trading volume (1.465 million units), establishing support near $4.69.
3. Heavy selling pressure at 07:00 drove ATOM down to $4.48 on 1.984 million units traded, with resistance forming around $4.71.
4. In the final hour (13:07 to 14:06), ATOM rebounded by 1.68%, moving from $4.49 to $4.56, overcoming resistance at $4.50 and $4.53.
5. A trading spike (60,000 units between 13:46 and 13:47) helped solidify $4.54 as a new support level.
Description
ATOM experienced sharp volatility over a 23-hour trading period from August 10 at 15:00 to August 11 at 14:00, swinging 6.20% between its $4.77 session high and $4.48 low. The token rallied early on August 11, climbing from $4.66 to $4.75 at 02:00 amid a surge in trading volume of 1.465 million units, establishing support near $4.69. However, heavy selling pressure emerged at 07:00, driving ATOM down to $4.48 on 1.984 million units traded, with resistance forming around $4.71 as institutional se...
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