The Cosmos ecosystem token (ATOM) demonstrated important bullish momentum throughout a latest 24-hour interval from 6 July 15:00 to 7 July 14:00, climbing from $4.05 to $4.10 with sturdy purchaser assist at key ranges.
The transfer comes as bitcoin ambles its method again to the $110,000 stage of resistance, some extent it rejected from final week inflicting a day of decline throughout the altcoin market.
ATOM is now effectively poised to proceed to the upside as buying and selling quantity tripled over the previous 24 hours, indicating optimism from merchants.
Technical Evaluation
- ATOM-USD climbed from $4.05 to $4.10, representing a 1.23% acquire throughout the 24-hour interval from 6 July 15:00 to 7 July 14:00.
- A major breakout occurred at 21:00 on 6 July when quantity surged to over 1 million items (3x the hourly common), pushing worth by way of the $4.10 resistance stage.
- Worth established a buying and selling vary of $0.097 (2.4%) with a excessive of $4.13.
- Sturdy purchaser curiosity confirmed at assist zones between $4.03-$4.05, suggesting continued upward momentum.
- Throughout the 60-minute interval from 7 July 13:05 to 14:04, ATOM exhibited a bullish breakout at 13:57-13:59, with worth surging from $4.09 to $4.10 on elevated quantity exceeding 20,000 items per minute.
- Clear assist zone established at $4.07-$4.08 throughout mid-period consolidation earlier than the ultimate rally.
- Worth pushed up 0.5% from interval low to excessive ($4.07 to $4.10).
- Closing hour confirmed profit-taking with worth settling at $4.09, nonetheless sustaining most good points and forming a better low in comparison with opening worth.
CD20 Index Whipsaws as Market Indecision Intensifies
CD20 Volatility Alerts Market Uncertainty The CD20 displayed notable volatility over the past 24 hours from 6 July 15:00 to 7 July 14:00, with a big vary of $21.06 (1.18%) between the low of $1772.50 and excessive of $1793.57.
After reaching a peak throughout the early hours of seven July, the index skilled a pointy correction, dropping to $1772.50 at 13:00 earlier than staging a restoration to shut at $1780.94, suggesting market indecision as merchants navigate between profit-taking and renewed shopping for curiosity.