ATOM value pauses the autumn on Tuesday with important positive factors. The worth finds dependable assist close to $23.0, which additionally occurs to be a double backside formation. Buyers provoke a dip-buying alternative that pushed the worth above the $25.0 stage.
- ATOM’s value bounces again to $25.0 with greater than 5% positive factors.
- A fast restoration towards the 200-day EMA on the playing cards close to $29.0.
- A break under double-bottom round $23.0 will set off one other spherical of sell-off.
The 24-hour buying and selling quantity of the cryptocurrency holds at $636,626,493. As of writing, ATOM/USD trade palms at $24.83, up 4.11% for the day.
ATOM value may bounce again
On the every day chart, ATOM value tracks acquire because it arrives close to dependable assist. Beforehand, the worth witnessed an ascent of 44% to the swing highs of March 3 at $34.46. The ATOM patrons may try and bounce again to the earlier session highs of $26.60.
A resurgence within the shopping for order may push towards the 200-day and 50-day EMAs (Exponential Transferring Common) at $28.48 and $28.56 respectively.
Alternatively, if the worth slipped under the session’s low then it may revisit $21.0. On the weekly chart, a ‘hammer’ formation close to the 50-day EMA at 25.75 may push towards the psychological $30.0.
RSI: The every day relative power index approaches the oversold zone. Nevertheless, any uptick within the indicator may strengthen the upside outlook.
OBV: The on-balance quantity indicator rises together with the worth.