ATOM Bulls Attempt to Breach $12.22 Resistance to Reach New Highs
- Due to market demand, the price of ATOM rises by 2.14%.
- After finding support at $11.65, the bulls were able to break the bears’ grip.
- If ATOM manages to break out over the $12.22 resistance mark, its price might surge.
In the last 24 hours, bullish predominance has remained in the Cosmos (ATOM) market, with prices reaching a high of $12.22 before facing resistance. When the ATOM price dropped to a 24-hour low of $11.65, the market regained support, bullish control took effect. At the time of publication, the bullish trend has effectively increased the ATOM price by 2.14% to $12.08.
The market capitalization jumped by 2.58% to $3,453,096,029, showing that investor confidence in ATOM has increased; nevertheless, the 24-hour trading volume fell by 39.59% to $122,385,519. This trend implies that investors are becoming more confident in ATOM’s progress, but they are not yet willing to participate in a more volatile market with greater stakes.
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