๐ $ATM
/USDT Technical Analysis โ Price Update and Key Targets ๐ฏ
Current Price: $2.344 (+5.02%)
24H Range: $2.164 - $2.591
Volume: $10.46M USDT
The Atlรฉtico de Madrid Fan Token (ATM) is showing bullish momentum, gaining over 8% in the last 24 hours. Here's a breakdown of its technical analysis and potential targets:
Technical Overview ๐
1. Resistance Levels:
$2.50: Psychological resistance and close to the 24H high. Breaking this level could confirm bullish strength.
$2.75: Strong resistance from previous price action. A rally above this level could indicate a significant breakout.
2. Support Levels:
$2.20: Key support zone to watch if the price retraces. A break below this might signal bearish pressure.
$2.00: Strong support, aligning with historical buying interest.
3. Indicators:
RSI: Currently near 65, indicating bullish momentum but approaching overbought territory.
Moving Averages: Price is trading above the 50 EMA, suggesting a continuation of the upward trend.
๐ฏ Key Targets:
1. $2.50: Short-term target; expect strong selling pressure at this level.
2. $2.75: Mid-term target; breaking this confirms a bullish rally.
3. $3.00: Long-term target; significant psychological level, achievable if the bullish trend continues.
๐ Trading Strategy:
Bullish Scenario: Enter above $2.40 with a stop-loss at $2.20. Look for targets at $2.50 and $2.75.
Bearish Scenario: If price breaks below $2.20, expect a pullback toward $2.00.
๐ Keep an eye on trading volume and market sentiment to confirm any breakout or reversal. Always use proper risk management while trading!
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