Chart shows common supports and resistances based on the price action and the Fibonacci. The total evaluation for ATOM is bullish. The coin has a very good bullish sentiment and demand zone above the 0.236 which promotes long term future holding, and as such over the course of a long period of time, the asset has formed continuous lower highs despite recent capitulations from Bitcoin even at 68k to 41k. The asset is still not oversold and has a potential to break through its all time high with a considerable chance to also get rejected.
The recommended strategy for this coin is to long it above the 200 MA from respectable buy order levels, do not FOMO, and lastly I do not recommend shorting this coin either UNLESS Bitcoin actually forms a mega bear trend.
The recommended strategy for this coin is to long it above the 200 MA from respectable buy order levels, do not FOMO, and lastly I do not recommend shorting this coin either UNLESS Bitcoin actually forms a mega bear trend.