4 hours ago
ATOM traded wrong volatile scope betwixt $4.64 and $4.85 connected Monday.
The determination comes among a backdrop of bullish sentiment aft bitcoin (BTC) roseate to caller grounds highs of $123,000 connected Monday.
ATOM terms enactment shows classical V-shaped recovery, dropping to $4.64 earlier rallying hard to the $4.85 level of resistance.
It's worthy noting that ATOM remains acold little than the erstwhile bull marketplace erstwhile it topped $44.55 successful a classical "altcoin season."
In the abbreviated term, a interruption supra $5.46 would bespeak a bullish interruption retired with upside targets expanding to $6.20 and $7.75.
Technical Indicators Summary
- MACD posts affirmative crossover signaling bullish momentum shift.
- RSI hits 62.40 showing mean buying without overbought signals.
- Volume spikes past 40,000 units corroborate organization participation.
- Support portion locks successful astatine $4.64-$4.67 with dense measurement backing.
- Resistance forms adjacent $4.85-$4.86 wherever selling unit builds.
- Higher lows signifier astir $4.67-$4.68 confirms uptrend continuation.
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