“ATOM Posts 4% Recovery Despite Turbulent Price Action.”

ATOM Recovers Sharply as Bitcoin Hits New Highs

Cosmos’ native token ATOM posted notable price swings on Monday, trading between $4.64 and $4.85 amid a wave of bullish momentum sparked by Bitcoin’s climb to a record $123,000.

The token staged a textbook V-shaped rebound, bouncing off the $4.64 support zone and surging toward the $4.85 resistance level. Despite this rally, ATOM remains significantly below its all-time high of $44.55 set during the previous bull cycle.

Technical indicators point to strengthening bullish momentum:

• MACD has turned positive, suggesting the beginning of an upward trend.
• RSI at 62.40 indicates growing buying interest without overbought conditions.
• Volume exceeded 40,000 units, hinting at growing institutional activity.
• Support has solidified between $4.64 and $4.67, backed by strong volume.
• Resistance is forming around $4.85–$4.86, where sellers remain active.
• A pattern of higher lows around $4.67–$4.68 confirms trend continuation.

If ATOM breaks decisively above the $5.46 level, analysts are eyeing upside targets at $6.20 and $7.75, potentially signaling a broader altcoin recovery.