Markets· ★★· neutral·

ATOM Jumps 5.8% to $1.77 but MACD Stays Bearish

  • —ATOM gained 5.8% to $1.77 with a market cap of $945.8M
  • —Price sits above SMA-30 ($1.69) and SMA-200 ($1.70), RSI at 55.5
  • —MACD histogram is negative, so momentum is unconfirmed
  • —Resistance at $1.80 and $1.82; volume 3.44% below average
Why it matters: A rally without a catalyst and on weak volume does not confirm a trend reversal, with ATOM still 96% below its all-time high.
Source: DiarioBitcoin