Hey, my people! 🚀 Can you imagine a finance giant winking at a crypto and it skyrockets, but then runs out of gas before reaching the finish line? That's exactly what happened to ATOM.
Things got wild with ATOM, the main token of the Cosmos ecosystem. What’s the reason? Coinbase, one of the largest exchanges, gave its blessing to another crypto from the same team, dYdX. This felt like a signal for investors: "Hey, this technology is the one to watch!". And of course, money started flowing in streams. ATOM surged by 4%, jumping from 💲4.36 to 💲4.55 in the blink of an eye, with a buying volume that no one expected. People thought this was the beginning of the party.
But, like in life, not everything is rosy. Things got strange in the last hour. The price, which had already touched 💲4.60, started to pull back, as if it was having second thoughts. The key support of 💲4.58 broke, and out of nowhere, they sold more than 26,000 units in just four minutes. What a madness! 🤯 The rally stalled, and what seemed like a victory turned into a battle to not lose what was gained.
And now what? Well, the zone from 💲4.58 to 💲4.60 has become a wall, a very tough resistance to break. Experts say that, although there are a lot of important people interested in ATOM, the market is super sensitive. The price of Bitcoin keeps dancing and that affects all the others. If ATOM doesn't find a new push to go beyond 💲4.60, it will get stuck there. It's as if the market is saying, "Let's see, prove that you really have what it takes."
So the question hangs in the air: was it a momentary spike or the first step of a long journey? All eyes are on ATOM to see if it can overcome that obstacle or ends up on the canvas. Stay tuned!$ATOM
