Potential bullish reversal for ATOM (and crypto in general)
Remember markets price the future, and if the overall sentiment is that "we'll get through this", then we could see the beginning of a bullish reversal this summer.
For
ATOM, there's a barrier at $10 that is both psychological and technical to be broken to have any form of recovery. We're currently in a $7-$9 range, which has a lot of alpha in it.
ATOM is a great project with lot's of upside and a good altcoin to bet on in case of crypto recovery. If we break $10, there's no strong obstacle until $20. To get back to the $40 might take a while.
If you're a long term believer in the project, you might just ape in now and wait for complete recovery, which may take a year or more.
For
ATOM, there's a barrier at $10 that is both psychological and technical to be broken to have any form of recovery. We're currently in a $7-$9 range, which has a lot of alpha in it.ATOM is a great project with lot's of upside and a good altcoin to bet on in case of crypto recovery. If we break $10, there's no strong obstacle until $20. To get back to the $40 might take a while.
If you're a long term believer in the project, you might just ape in now and wait for complete recovery, which may take a year or more.
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