ATOM has recently rebounded by 15%, but it faces significant resistance at the 50-day EMA. If this resistance is broken, ATOM may continue to rise towards the 200-day EMA or the resistance level of $5.66. However, if it fails to break through these key levels, ATOM may fall back to the support level of $3.65. ##3370759661
The RSI for ATOM is at 53, indicating a neutral market sentiment with a slight advantage for buyers. If the RSI rises above 60, it may suggest a resurgence of bullish sentiment; if it falls below 40, it could indicate increasing downward pressure.
Key support is near $3.65, and if broken, it may further probe down to $3.11. The key resistance levels to the upside are the 50-day EMA and $5.66. If these resistances are broken, ATOM is expected to test higher prices.
ATOM's trading volume has decreased by 27.67% in the past 24 hours, but the number of open contracts has increased, indicating that market participants are taking a wait-and-see attitude towards a price breakout.
Overall market sentiment is relatively balanced, with Binance and OKX showing a bullish bias in the long-short ratio. #DOGE看涨情绪飙升 #美联储利率决议来袭 (Weekly strategy analysis for Bitcoin BTC and Ethereum ETH from Monday to Saturday, long-term recommendations for quality individual coins and live analysis)