The post Cosmos’ ATOM Surges 10% in High-Volume Breakout Rally appeared on BitcoinEthereumNews.com.

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. Source: https://www.coindesk.com/business/2025/06/24/cosmos-atom-surges-10-in-high-volume-breakout-rally

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Filed under: News - @ June 24, 2025 3:27 pm