Finance, AI Market Insights, News Cryptocurrency shows resilience amid uncertainty in the Middle East as trading volume doubles during decisive move above $4.00
Uncertainty in the Middle East between Iran and Israel continues to shape cryptocurrency performance as ATOM demonstrates remarkable strength with a decisive breakout.
The cryptocurrency surged from $3.787 to $4.042, establishing new support above the psychological $4.00 level with strong buyer conviction.
Technical Analysis
- ATOM-USD demonstrated a 6.73% gain over 24 hours, with a total price range of $0.359 (9.52%).
- The decisive breakout occurred at 22:00 on June 23rd, with price surging through the $4.00 resistance level.
- Trading volume during the breakout reached 2,027,234 units, nearly double the 24-hour SMA of 1,023,000.
- A new high-volume resistance level was established at $4.09. • Post-breakout, ATOM maintained support above $4.00 with decreasing volatility, suggesting consolidation.
- In the most recent hour, ATOM experienced a bullish breakout at 12:03, surging from $4.035 to $4.042.
- This mini-rally continued to $4.046 at 12:04, representing a 1.0% gain within just two minutes.
- The exceptionally high volume during this move (108,229 units at 12:03, followed by 91,550 units at 12:04) indicates strong buyer conviction.
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