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Now, let’s dive into this chart analysis:
ATOM is currently holding a crucial support trendline at $5.727. It is important to see if ATOM can hold strong and reach higher levels, or if it will break down further.
The 21 EMA serves as the primary resistance for ATOM, and a close above it will likely allow the price to rally higher.
Key levels:
- Important Support/Entry: $5.727 to CMP - Primary Resistance: $6.855 - Target: $13.62 - Invalidation Point: a close below the support trendline.
DYOR, NFA.
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