Discovery of North Korean developers who contributed to the cosmic code between 2022 and 2024 triggered enhanced security measures, and despite market pressure, major exchanges expanded the points options for atom holders.
Atom is currently trading at $4.086 after losing 5.52% of its value in the past 24 hours.
Technical Analysis
- A sharp sell-off occurred within 22:00-23:00 hours on June 16, with an unusually high volume (14m+) and a resistance of $4.29.
- Support appears around $4.06-$4.07, with an increase in volume indicating potential stability.
- Overall momentum remains bearish, forming lower highs across multiple schedules.
- A significant recovery occurred in the last hour, climbing from $4.077 to $4.084 (a 0.17% increase).
- The obvious bullish momentum between 13:24-13:30 rose from the distance of $4.076 to $4.096.
- The closing price of $4.084 per hour indicates a steady level of $4.07.
