Atom negotiated within volatile rank between $ 4.64 and $ 4.85 on Monday.
The movement comes between a bullish feeling backdrop after Bitcoin
He went up to new $ 123,000 records on Monday.
The atom price action shows a classical V -shaped recovery, falling to $ 4.64 before gathering with strength to resistance level of $ 4.85.
It is worth noting that Atom remains much lower than the previous bullish market when it exceeded $ 44.55 in a classic “Altcoins season.”
In the short term, a break greater than $ 5.46 would indicate an upward break with rising objectives that expand to $ 6.20 and $ 7.75.
Summary of technical indicators
- Macd publishes a positive crossover impulse change.
- RSI reaches 62.40 that show moderate purchases without overcompra signals.
- The volume increases more than 40,000 units confirm institutional participation.
- The support zone is blocked at $ 4.64- $ 4.67 with a heavy volume support.
- The resistance is formed about $ 4.85- $ 4.86 where the sales pressure accumulates.
- Pattern of higher minimums around $ 4.67- $ 4.68 confirms the continuation of the upward trend.
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