Technical Analysis Focus
Cosmos’ ATOM Rallies From Key Support as Volume Spike Fuels Bullish Setup
ATOM posted a modest recovery in the past 24 hours, rebounding off the $4.50 support level amid a spike in trading volume and improved sentiment in the broader altcoin space. The token hit a session high of $4.589 after bouncing from a sharp dip to $4.498, driven by a surge of 1.63 million in buy-side volume.
A higher low at $4.522 has helped form the early stages of a bullish structure. The $4.60 zone now acts as a critical resistance level, with breakout potential if market momentum holds. Volume spikes during the recovery suggest accumulation, with Ethereum whale activity lending additional weight to the altcoin thesis.
If ATOM can maintain above $4.56, traders may begin targeting the next upside zone near $4.68.
Share this content:
