Global trade tensions and shifting monetary policies continue to impact cryptocurrency markets, with the currency $ATOM showing notable volatility in its recent trades.
During the period from June 30 at 15:00 to July 1 at 14:00, the #ATOMUSDT pair traded within a 5.1% range, facing ongoing selling pressure despite a late recovery attempt with increased buying volume.
The cryptocurrency briefly fell below $4.00 before showing signs of short-term upward momentum in the last trading hour.
Technical analysis: Price movement of $ATOM
The ATOM-USD pair experienced notable volatility, with an overall trading range of $0.207 (5.1%) during the period from June 30 at 15:00 to July 1 at 14:00. •
The price formed a clear resistance area around $4.16-$4.18, with trading volume above average (804,000) during the hour of 19:00.
The support level at $4.04 was broken with heavy trading volume (562,000) at 04:00, pushing $ATOM below the psychological level of $4.00.
Despite a late recovery attempt with increased buying volume in the last hours, #ATOM remains weak, facing immediate resistance at $4.02 and support at $3.98.
In the last 60 minutes of July 1, from 13:06 to 14:05, the ATOM-USD pair showed upward momentum, rising from $4.004 to $4.024 (a gain of 0.5%).
The price movement formed a clear upward trend with an increase in trading volume (44.9 thousand) during the hour of 13:44.
A local high of $4.032 was recorded at 13:53, establishing new resistance at $4.03 while maintaining support at $4.02.