Atom exchanged in a volatile range between $ 4.64 and $ 4.85 on Monday.
This decision is part of the backdrop of the bullish feeling after bitcoin
Increased $ 123,000 on Monday on Monday.
Atom Price Action shows a classic V -shaped recovery, falling at $ 4.64 before rallying hard at the level of resistance of $ 4.85.
It should be noted that Atom remains much lower than that of the previous Haussier market when she exceeded $ 44.55 in a classic “Altcoin season”.
In the short term, a break greater than $ 5.46 would indicate an upward rupture with upwards extending to $ 6.20 and $ 7.75.
Summary of technical indicators
- MacD publishes a change in transfer of positive crossing.
- RSI strikes 62.40 showing moderate purchases without exaggerated signals.
- The volume increases 40,000 units confirm institutional participation.
- The support area locks $ 4.64 at $ 4.67 with heavy volume support.
- The resistance forms almost $ 4.85 – $ 4.86 where the sales pressure is built.
- Higher bottom model around $ 4.67 to $ 4.68 confirms the continuation to the trend.
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