One of the cryptocurrencies that has survived the Bitcoin fall and maintained an important range for continued growth is the ATOM cryptocurrency. Although the ATOM price correction began in September, buyers are confidently keeping the $17.5-$20.5 range. During the last local fall wave from mid-January, the ATOM price did not even test the critical range of $17.5-$20.5. While other cryptocurrencies stopped near the price lows of May 2021, the ATOM price did not update even the local lows in December. https://www.tradingview.com/x/1qLzCiMb/ Thus, in the global timeframe, we see the formation of a consolidation triangle. An interesting fact is that in this triangle increased volumes are observed. This shows us that buyers have organized a comfort zone for themselves to gain a position. Keeping the price in good price positions has made ATOM cryptocurrency “sexy” for investors. Therefore, if Bitcoin price manages to fix above the global range of $40,500-$42,000, the first cryptocurrency to start active growth may be ATOM. Technical Analysis Of ATOM On The Daily Timeframe https://www.tradingview.com/x/NuOc0bej/ Analyzing the ATOM price movements on the daily timeframe, we can see the importance of the local range of $28. On 21 January, it was in this range that the ATOM price began to slow down a powerful fall wave. From this range, buyers were able to organize even a rebound. The next $28 attack took place on 27 January. Sellers ...
