Watching ATOM closely around $1.57

Been following $ATOM for a bit, and that $1.57 support level is holding my attention. We saw a bounce there recently after the dip, and it felt like decent demand came in. On the daily chart, it's starting to look like a potential base forming, perhaps even a smaller inverse head and shoulders if it can push through the recent swing high. My conviction would be challenged if we close decisively below $1.57 on higher volume. That would suggest the sellers are still in control and could open up a move towards the next significant support down around $1.45.

It's still early, but the reaction around this level is key. A failure to hold $1.57 would invalidate the immediate bullish scenario I'm loosely sketching out. Just sharing my perspective, always open to other interpretations.