ATOM’s recent price action shows a potential recovery as it closely approached the 0.618 Fibonacci level, indicating strong support. The TD Sequential indicator also provided a buy signal on weekly charts, suggesting that selling pressure has decreased.
With EMA crossovers signaling an increase in upward momentum and market liquidations showing lower selling pressure, ATOM’s indicators indicate a shift towards a bullish trend. Bollinger Bands further confirm possible price rebounds, favoring a potential breakout.
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