Long-Term Downtrend: ATOM is currently in a falling channel pattern.
50-day EMA Barrier: ATOM faces constant rejections from the 50-day EMA.
Price Target: The asset is eyeing the $6.50 mark.
Uptober Uncertainty: Despite high expectations, the market has been slow to rally.
Pattern of Lower Highs: The daily chart shows prominent lower high formations.
Double Top Formation: Peaks are forming at the declining 50-day EMA.
Today's Price: ATOM is trading at $6.626 with a -1.13% intraday move.
Death Cross: The 50 and 200-day EMAs indicate a long-term downtrend.
RSI Status: The daily RSI has crossed below the halfway line.
Bullish Reversal?: Chances are slim but a reversal from $6.40 is possible.
Dynamic Resistance: The 50-day EMA is a significant barrier.
Support Zones: Key support levels are at $6.25 and $6.
50-day EMA Barrier: ATOM faces constant rejections from the 50-day EMA.
Price Target: The asset is eyeing the $6.50 mark.
Uptober Uncertainty: Despite high expectations, the market has been slow to rally.
Pattern of Lower Highs: The daily chart shows prominent lower high formations.
Double Top Formation: Peaks are forming at the declining 50-day EMA.
Today's Price: ATOM is trading at $6.626 with a -1.13% intraday move.
Death Cross: The 50 and 200-day EMAs indicate a long-term downtrend.
RSI Status: The daily RSI has crossed below the halfway line.
Bullish Reversal?: Chances are slim but a reversal from $6.40 is possible.
Dynamic Resistance: The 50-day EMA is a significant barrier.
Support Zones: Key support levels are at $6.25 and $6.