ATOM hits the new lows since 2022.The price is moving inside the descending channel from approximately 156 days.
Currently the price is on the support zone (Green) at $4.331 - $4.664 and résistance of descending channel middle line.
There are two scenario's
Bullish Scenario
If the price break above the resistance zone (Blue) at $6.049 - $6.590 and the descending channel upper line with high volume we could the price to the next level at $8.853 and the momentum continues the price may reach to the highest level marked on the chart at $14.186.
Bearish Scenario
If the price fails to hold the support zone (Green) we might see decline in the price to the next support zone (Pink) at $2.988 - $3.309. We might see further decline if the price fails to hold the support zone (Pink)
Currently the price is on the support zone (Green) at $4.331 - $4.664 and résistance of descending channel middle line.
There are two scenario's
Bullish Scenario
If the price break above the resistance zone (Blue) at $6.049 - $6.590 and the descending channel upper line with high volume we could the price to the next level at $8.853 and the momentum continues the price may reach to the highest level marked on the chart at $14.186.
Bearish Scenario
If the price fails to hold the support zone (Green) we might see decline in the price to the next support zone (Pink) at $2.988 - $3.309. We might see further decline if the price fails to hold the support zone (Pink)
Nota
After a few days of consolidation on the support zone (Green) at $4.331 - $4.664 now tested the descending channel upper trendline. 
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.