ATOM Surges to $2.09 Then Crumbles: MACD Flat, Open Interest Dives 39%
On October 10, Cosmos (ATOM) spiked to an intraday high of US$2.09 before slipping back to US$1.93, as the MACD histogram flattened to zero and Binance Futures open interest plunged 38.92%.
The failed rally signals weakening bullish momentum, with traders watching for further downside as technical indicators suggest a potential consolidation phase; market analysts note that sustained low open interest could limit upside pressure in the near term.
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