ATOM Technical Analysis: Buyers Withheld At $9

The previous trading month in the ATOM market was probably remembered by investors for the breakdown of the global growth channel. In late April, sellers pushed the ATOM price below $20 and began panic sales in the market. In 5 weeks, the coin price fell by 76%. Buyers were able to stop this horror only at around $9. This is a super-powerful mirror level, which initially restrained growth in August 2020, and in May-June 2021 kept the price from falling. https://www.tradingview.com/x/grvrtF65/ If we consider the most pessimistic scenario for the ATOM cryptocurrency – we should expect a rebound from $9 to $15. At this point, sellers can reactivate and push the coin price to $9 to break down. Though, given the likelihood of BTC starting a new growth wave, the best scenario for ATOM cryptocurrency is the growth to $20-$22. That’s where the powerful liquidity zone is located, which sellers should not allow to pass from the first time. ATOM Technical Analysis On The Daily Timeframe https://www.tradingview.com/x/4TsaEZlm/ Analyzing the ATOM price movement on the daily timeframe, we can see that buyers have organized a consolidation triangle with a flat top. Usually, such a triangle is more likely to break up. However, if the ATOM price retakes the $9 mark, it will be a good chance to make the first purchase of ATOM. It is better to divide the planned size of the position into two parts. At the $12 mark, sellers set up a defensive poi...