17 hours ago
Technical Analysis Shows Mixed Signals
- ATOM drops 4.51% implicit 24 hours ending July 29 11:00, sliding from $4.88 to $4.66 arsenic betterment bids fail.
- Cosmos ecosystem crosses 100 unrecorded chains connected MapOfZones portion XRP integration progresses via Cosmos SDK and IBC protocols.
- ShadeX debuts arsenic Cosmos' archetypal encrypted wealth market, delivering institutional-grade privateness done CosmosSDK and CosmWasm tech.
Market Performance Analysis
ATOM battles volatile sessions with absorption capped astatine $4.95 earlier overnight enactment emerges adjacent $4.56. The token shows combat with betterment drives toward $4.77, yet selling waves propulsion adjacent to $4.66, signaling persistent carnivore grip short-term.
Key Technical Indicators
- Resistance holds steadfast astatine $4.95 successful opening with dense measurement hitting 1,889,637 units.
- Support emerges astir $4.56 during overnight sessions.
- Trading scope spans $0.37, marking 7.58% intraday volatility.
- Recovery bid launches from 05:00, driving prices toward $4.77.
- Selling surge astatine 10:51 brings exceptional measurement of 193,762 units.
- Sharp 1.87% single-minute driblet establishes league enactment astatine $4.63.
- Recovery momentum breaks aggregate absorption barriers.
- Close adjacent league peaks signals caller buying appetite.
Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, see CoinDesk's afloat AI Policy.
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