ATOM Price Rallies 13%, But Can Bulls Clear $1.869 Resistance?

ATOM's price surged by 12.81% over the past day, driven by heightened trading activity across both Spot and derivatives markets.

The rally was accompanied by a significant increase in volume, with Spot trading volume rising by 110.48% to $74.46 million, while derivatives players saw their Futures volume climb by 108.82% to $154.46 million.

The Altcoin Season Index also contributed to the price expansion, surging by 53.12% over the past week as capital rotated towards the altcoin sector.

However, expanding leverage could accelerate price volatility if ATOM encounters stronger selling pressure around the nearby resistance of $1.869, which remains a crucial level for the token's further upside.