This bearish daily chart shows that the price of ATOM has decreased since last month. If this price decrease continues, ATOM could break the $5.939 support level and move lower to $4, the bearish signal for 2023.
Presently, ATOM is on a bearish trend as indicated in the recent downtrend. Since the 200-MA is above the 50-MA, we can deduce that the price is bearish for long-term investors.
But if ATOM broke out of its pennant and rise higher, it can reach up to its resistance level. However, it broke the lower trendline, and a possible reach to its support can be seen.
Resistance: $14
Support: $6
Presently, ATOM is on a bearish trend as indicated in the recent downtrend. Since the 200-MA is above the 50-MA, we can deduce that the price is bearish for long-term investors.
But if ATOM broke out of its pennant and rise higher, it can reach up to its resistance level. However, it broke the lower trendline, and a possible reach to its support can be seen.
Resistance: $14
Support: $6
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.