Atom traded within a fleeting range between $ 4.64 and $ 4.85 Monday.
The move comes among a background of bullish mood after Bitcoin
Rose for fresh record highs of $ 123,000 Monday.
Nuclear preaching shows classic V-shaped recovery falls to $ 4.64 before gathering hard to $ 4.85 level of resistance.
It is worth noting that the atom remains far lower than the previous bull market as it peaked $ 44.55 in a classic “altcoin season.”
In the short term, a break over $ 5.46 would indicate a bullish outbreak with upward targets expanded to $ 6.20 and $ 7.75.
Technical indicators Summary
- MACD Poster Positive Crossover Signaling of Bullish Momentum Shift.
- RSI hits 62.40 and shows moderate purchases without overbought signals.
- Volume tips over 40,000 units confirm institutional participation.
- Support zone locks to $ 4.64- $ 4.67 with powerful volume backing.
- Resistance is formed near $ 4.85- $ 4.86, where the sale of pressure builds.
- Higher low pattern around $ 4.67- $ 4.68 confirms continuation.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.
