- ATOM surged in volume, hitting 5.62M units — over triple its daily average — during a volatile session.
- Buyers defended $4.60 after a sharp drop to $4.53, stabilizing the market.
- Resistance at $4.91 remains the next big hurdle for bulls.
ATOM-USD saw a rollercoaster 24 hours, whipping between $4.49 and $4.91 while trading volume exploded to 5.62M units — that’s over 322% above its usual pace. The spike in activity came during a sharp midday selloff that dragged the price to $4.53 before buyers swooped in to steady the ship.
The Midday Shakeout
Early momentum carried ATOM into the $4.82–$4.85 pocket, even tagging $4.91 before the wheels came off at 06:00 UTC on Aug. 14. Heavy selling pressure hit like a hammer, flushing the price down to $4.53 by midday. The sheer volume on that drop has some traders eyeing it as possible capitulation — the kind of move that shakes out weak hands before a bounce.
Support Holds the Line
It didn’t take long for buyers to regroup. Fresh bids stacked up around $4.60, creating a firm support base and calming the market jitters. From 13:20 to 14:19 UTC, ATOM crept from $4.60 to $4.64 before settling into a tight $4.59–$4.62 range. That price zone now looks like the battleground for short-term momentum — hold it, and bulls might have another shot at testing higher levels.
Eyes Still on $4.91
While the $4.60 floor is solid for now, resistance up at $4.91 is still untouched. Breaking through that ceiling could unlock further gains, but losing $4.60 would likely open the door for more downside pressure. Traders are watching closely to see which level blinks first.
