ATLAS coin price shows a solid bullish cup and handle pattern in the 4-hour chart, which may shortly give a breakout rally above the 200-day EMA. Key technical points: ATLAS coin price struggles to surpass the 100-day EMA. The MACD and signal lines are nearing a bullish crossover Finally, the 24-hour trading volume of Star Atlas is $10.25 Million, marking a 106% rise. Past Performance of ATLAS ATLAS price has fallen to a new lower low at $0.23 on March 15th. The buyers showed strong interest in this discount price and immediately rebounded the altcoin with a bullish engulfing candle. The V-shaped recovery has surged the coin price by 20%, hitting the $0.028 monthly resistance. Source-Tradingview ATLAS Technical Analysis A bearish reversal from the $0.028 resistance had tumbled the ATLAS price by 10% and pulled it below the $0.025 support. However, an upcoming trendline prevented further loss and pushed the altcoin back above the breached support line. In addition, the technical chart shows a cup and handle pattern forming in the 4-hour time frame. The recent price has reclaimed the rising 20-and-50 EMA, indicating the bulls are wresting control from bears in the short term. However, the coin price moving below the 100 and 200 EMA maintain an overall bearish tendency. RSI Indicator: the RSI slope reenters the bullish territory after the recent correction caused a minor dip. Moreover, the string shows an uptrend continuation in ...
