ATOM is currently trading within a key accumulation zone, showing signs of potential reversal after a liquidity sweep below the 2024 bottom support level around 3.63 USDT. This move may indicate the presence of strong demand at lower levels.
As long as ATOM holds above the 3.63 USDT level on a daily closing basis, the bullish scenario remains valid. A sustained move above the 5.15 USDT resistance may confirm the start of a bullish breakout, with potential upside targets at 7.76 and 9.30 USDT.
However, a daily close below 3.63 USDT would invalidate the bullish bias and suggest further downside pressure.
Key Levels to Watch:
Support: 3.63 (bottom support of 2024)
Resistance: 5.15 (accumulation zone breakout level)
Bullish Targets: 7.76 and 9.30
The structure remains bullish unless invalidated by a breakdown below support. Always manage risk accordingly.
#ATOM #COSMOS #ATOMUSDT
As long as ATOM holds above the 3.63 USDT level on a daily closing basis, the bullish scenario remains valid. A sustained move above the 5.15 USDT resistance may confirm the start of a bullish breakout, with potential upside targets at 7.76 and 9.30 USDT.
However, a daily close below 3.63 USDT would invalidate the bullish bias and suggest further downside pressure.
Key Levels to Watch:
Support: 3.63 (bottom support of 2024)
Resistance: 5.15 (accumulation zone breakout level)
Bullish Targets: 7.76 and 9.30
The structure remains bullish unless invalidated by a breakdown below support. Always manage risk accordingly.
#ATOM #COSMOS #ATOMUSDT
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.