The price action of ATOM experienced a strong bullish movement in 2021, followed by a retest and accumulation phase into 2022.
From April 2022 to 2024, the market entered a prolonged consolidation period. Despite this, there remains a significant chance of further bearish movement before a potential breakout. Traders are closely watching the resistance trend line, anticipating a break above it.
A successful breakout could lead to a rally towards the target price of $38.838. Until then, patience is key as the market prepares for its next significant move.
TARGET: $38.838 ๐ฏ
