ATOM-USD experienced a significant selloff, plunging 9% from $4.91 to $4.49 amid intense trading activity. However, the asset rebounded, establishing support around $4.60, indicating renewed buyer confidence despite facing resistance at $4.91. Trading volume soared to 5.62 million units, a 322% increase from the average, capturing heightened market activity. Following the sharp midday drop to $4.53, buyers quickly stepped in, stabilizing prices at $4.60, which is now seen as a critical support level. The price consolidated between $4.59 and $4.62, suggesting potential stabilization as traders remain vigilant of the untested resistance at $4.91. Continuous support at $4.60 is imperative for ATOM to maintain bullish momentum, as further declines could rekindle selling pressure.

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