Tensions in the Middle East continue to shape cryptocurrency markets, as the $ATOM token shows...
Notable resilience in recent trading.
The Cosmos network token has recovered from a sharp decline to $3.939, forming crucial support around the psychological level of $4.000, despite the prevailing uncertainty in the market.
Technical Analysis
The #ATOMUSDT pair has shown resilience over 24 hours, recovering from a sharp decline to $3.939 at 5:00 PM on June 18, forming a new support area ranging from $3.994 to $4.000.
The overall range of $0.121 (3.05%) reflects moderate volatility, with a notable increase at 8:00 PM, where the price jumped by 2.16% on above-average trading volume, forming resistance at $4.059.
The psychological level of $4,000 has emerged as a key support area, with multiple tests confirming buyer interest, while the four-hour chart shows a developing upward trend line, indicating cautious bullish momentum despite the late-session retreat from $4,029 to $3,998.
In the last hour, the ATOM-USD pair experienced significant volatility, sharply dropping from $4.026 to a low of $3.996 at 13:47, breaking through the psychological support level of $4.000.
Trading volume saw a significant increase at 13:33, with over 47,000 units traded during the selling wave.
The price found a floor at $3,995, then gradually recovered, surpassing $4,000 at 14:02, forming a potential new support area.
This recovery pattern reinforces the mentioned resilience in the 24-hour analysis, with the price now stabilizing at $4.001, indicating renewed buyer interest after testing lower levels.