$ATOM

/USDT Technical Analysis💯🔥

Current Price: $6.813 (up 3.26% in the last 24 hours)

Support Level: $6.590 – A key level to watch for potential bounce.

Resistance Level: $6.834 – Could be the immediate hurdle before further upward movement.

Trend: The market is showing upward momentum. The 24-hour trading volume suggests moderate bullishness, with increasing price action from the lows.

Trade Signal (Short-Term)

Entry Point: Around $6.800 - $6.810 (if confirmation of bullish breakout at resistance is seen).

Target Levels (🎯):

🎯 Target 1: $6.850 (immediate resistance breakout)

🎯 Target 2: $7.000 (next major resistance zone)

🎯 Target 3: $7.200 (longer-term bullish continuation)

Stop Loss: Around $6.590 (just below the support zone to limit risks).

Momentum

The market momentum is currently bullish, indicated by the consistent rise in price over the last 24 hours. The MACD (if considering further analysis) might show a positive crossing. Keep an eye on any potential pullbacks or consolidation that may signal a better entry point. Use confirmation indicators (like RSI or MACD) before making trade decisions.

Note: Always follow the market closely for changes and consider proper risk management!

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