Expert opinion: Caution #ATA (from Coinsradar.net)

Automata Network (ATA) has broken out of the falling wedge pattern and is currently testing the support area.

ATA has seen downward pressure after forming a higher peak within the falling wedge pattern, under pressure from both earnings and the broader market. If ATA can stabilize at the $0.1522 support level and begin to reverse, we expect it to retry climbing back into the channel.

But if ATA/USDT breaks below the support level, it may indicate a weakening of bullish momentum. In this case, the price may fall to the next important support level of $0.1349.

Looking back at history, ATA has rebounded strongly from this point many times. If the support level holds, then a strong rebound may be imminent. However, if the price clearly breaks below this support level, it may overturn the bullish trend and suggest a deep bear market trend.

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