Technical analysis of #Cosmos Hub $ATOM

Current price:

RSI:

Hourly chart: 33.78 (oversold, possible technical rebound).

Daily chart: 36.39 (corrective phase continues).

Volume: 17.62K, reflecting active selling pressure.

Key levels:

Short term:

Resistances: $7.93 (moving average), $8.18.

Supports: $7.28, $7.00 (critical level).

Medium term:

Resistances: $8.74, $9.50.

Supports: $6.50, $6.00.

Probable scenarios:

Bullish: Rebound from $7.28 towards $7.93 and $8.18.

Bearish: Loss of $7.28 would bring the price to $7.00 or $6.50.

$ATOM is at a technical crossroads. The price action at the upcoming levels will define its direction in the short and medium term.