$ATOM /USDT (1-hour chart):
1. Strong growth:
ATOM/USDT is showing a clear uptrend, with the current price at 6.109 USDT, up 15.09% in the last 24 hours. The price reached a local peak at 6.661 USDT before a slight correction.
2. EMAs supporting the price increase:
• EMA(20): 5.984 USDT
• EMA(50): 5.671 USDT
Both EMAs (20 and 50) are sloping up, indicating a steady bullish momentum. The price is currently above both of these lines, confirming the continuation of the uptrend.
3. Trading volume:
The 24-hour volume reached 76.43 million ATOM, indicating strong interest from the market, supporting the current trend.
4. Short-term analysis:
• The price may continue to retest the resistance zone of 6.66 USDT. If it breaks out successfully, the next target could be 6.8 - 7.0 USDT.
• However, if profit-taking pressure increases, the important support zone is at 5.98 - 6.0 USDT (near EMA20).
5. Trading strategy:
• Buy (Long): When the price holds above EMA20 and shows signs of continuing to increase.
• Sell (Short): If the price breaks EMA20 and goes down, it will head towards the lower support zone at 5.67 USDT (EMA50).
Note: It is necessary to monitor volume fluctuations and signals from larger time frames to confirm the trend.