ATOM's recent performance has indeed been eye-catching. From a price of $2.64, the increase has reached 8.2%, which is the highest point in two months, and trading volume has also risen by 20%.
On-chain data shows a clear rebound in network activity. Daily trading volume has doubled to 30,000 transactions, and the number of active addresses has increased to 8,000, indicating significant participation within the ecosystem.
The funding side is even more interesting. The spot market is actively positioning, with a buy-sell spread of around 300,000, showing bullish enthusiasm. The open interest in futures contracts is also growing, up 10% month-over-month to a scale of $183 million.
From a technical perspective, the Relative Strength Index (RSI) has already surged to 70, reflecting strong buying momentum. Based on the current trend, the next key resistance level to watch is around $2.70.
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GasFeeNightmare
· 1h ago
Stayed up late watching the market again... ATOM's surge this time was sudden. I'm worried that yesterday everyone was saving on gas fees, and today they all rushed in together, creating a false prosperity.
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0xSleepDeprived
· 01-10 22:53
Atom's recent move is quite aggressive, but can it really break the resistance at 2.70? I'm a bit unsure.
RSI hitting 70 feels a bit risky; usually, it's time to exit then...
On-chain activity doubling, now that's real value, unlike some tokens that just hype without substance.
A 300,000 buy-sell spread, are the bulls that fierce? Feels like they're digging their own graves.
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BlockchainTherapist
· 01-10 22:51
ATOM this wave is really interesting, but I still think it depends on whether it can break through the 2.70 level, otherwise it's just a rebound.
The on-chain data is so active, which clearly indicates that some people are playing, but the bulls being so excited is also a bit scary.
The futures contract volume breaking 180 million... leveraged players are starting to get excited again.
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SlowLearnerWang
· 01-10 22:51
Wow, I just realized that ATOM is rising again. It's one of those things I only notice after the fact.
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MetaMisery
· 01-10 22:48
Damn, ATOM is really quite strong this time, RSI is already at 70 and it's still pushing?
Wait, will it really break 2.7? Feels a bit risky...
An 8.2% increase, the highest in two months, is this the start of a breakout?
Spot order of 300,000 looks pretty fierce... but could the 183 million futures be just a trap?
On-chain activity doubling, this is often the craziest time.
Did it break the resistance level? I haven't even gotten in yet.
Active addresses are at 8,000, sounds like a lot, but will this last?
With RSI so high, isn't it nerve-wracking?
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MultiSigFailMaster
· 01-10 22:45
Atom this wave is indeed promising, but can it really break through the 2.7 level? Feels like it might get pushed down again.
NGL, it seems like the bulls are just holding on, RSI hitting 70 should have been a warning sign.
Wait, only 8,000 active addresses? The ecosystem's popularity isn't that high after all.
I heard some big players are accumulating, but I’ll still stay on the sidelines, afraid of getting trapped.
The data looks good, but I don’t know if it can be sustained.
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MetaDreamer
· 01-10 22:26
atom this wave does have some substance, but whether it can break through 2.7 is really hard to say
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RSI has hit 70? Watch out for a head, brother
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On-chain activity has doubled... it really takes someone actively participating, otherwise it's just inflated
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A trading volume difference of 300,000 sounds significant, but can it be sustained?
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A 20% increase in trading volume feels a bit fake; it depends on how the big players move
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Futures trading volume at 183 million, if the leverage is used in reverse... hehehe
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Reaching a high point in two months, isn't that a bit quick?
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Is the atom ecosystem really active or just looking good on data?
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It looks like a rebound; let's see if a real trend comes.
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GateUser-3824aa38
· 01-10 22:25
ATOM's recent rally is indeed strong, but can the resistance level at 2.70 really be broken through? It feels a bit uncertain.
ATOM's recent performance has indeed been eye-catching. From a price of $2.64, the increase has reached 8.2%, which is the highest point in two months, and trading volume has also risen by 20%.
On-chain data shows a clear rebound in network activity. Daily trading volume has doubled to 30,000 transactions, and the number of active addresses has increased to 8,000, indicating significant participation within the ecosystem.
The funding side is even more interesting. The spot market is actively positioning, with a buy-sell spread of around 300,000, showing bullish enthusiasm. The open interest in futures contracts is also growing, up 10% month-over-month to a scale of $183 million.
From a technical perspective, the Relative Strength Index (RSI) has already surged to 70, reflecting strong buying momentum. Based on the current trend, the next key resistance level to watch is around $2.70.