Established Altcoin in Critical Test: Created Support at This Price Despite Political Tensions! - Coin Bulletin

Cosmos (ATOM) is presenting a resilient picture to investors by establishing new support levels despite global political tensions.

In recent days, the ongoing tension in the Middle East has created general uncertainty in the cryptocurrency markets, while ATOM, the token of the Cosmos ecosystem, is drawing attention with unexpected price movements. The token, which fell to as low as 3.939 dollars last night, has managed to establish new support at the critical psychological level of 4.00 dollars.

In the last 24 hours, the ATOM price experienced moderate fluctuations, moving within a total range of %3.05. In particular, the increase in trading volume that occurred around 8:00 PM led to a rapid rise in price, establishing $4.059 as a resistance level. Testing this level once again demonstrated that buyer interest is strong.

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ATOM's critical test

The sudden activity that occurred in recent hours was noteworthy. The token price dropped from $4.026 to $3.996 in a short period, falling below the critical support level of $4.00. During this decline, the trading of over 47,000 tokens revealed the intensity of the selling pressure in the market.

However, the price quickly recovered and rose above the 4.00 dollar level and is currently stabilizing at around 4.001 dollars. This recovery indicates that investors tend to buy at lower levels and that market players' confidence in ATOM remains strong.

ATOM's recent movements provide important clues for investors while clearly revealing the effects of global political developments on the market. Experts agree that the resistance shown by ATOM should be carefully monitored from an investor's perspective.