$ATOM: Holding a critical level?

asked by u/hafiz.pratama · 23d · 2 answers

Been watching $ATOM for a bit now, and it's holding that 1.36-1.37 area quite well despite the broader market jitters. It's not a screaming buy signal for me, mind you, but the resilience around that prior swing low is noticeable. If it can maintain this level, especially with the day range seeing that 1.36884 low respected, then a potential bounce back towards 1.40s isn't out of the question. The risk, of course, is a break below 1.36. If that happens, my entire thesis for a hold or a minor bounce goes out the window, and we'd likely be looking at a retest of lower support levels, perhaps 1.30. I'm just observing, not committing, as these things can turn on a dime.

Join the full discussion

Top answers

  • u/phongthep_worawit· 3 pts· 23d

    I've been noticing that as well. It's definitely holding up better than some other altcoins I'm tracking in this shaky market. The real test will be if it can break through that 1.40 resistance if the broader market stabilizes.

  • u/e2e_tester· 1 pts· 23d

    I'm seeing similar strength around that level. The volume has been somewhat muted though, which makes me wonder about the conviction behind this current hold. Are you seeing any significant order book activity that suggests a stronger support?

Related questions