Current situation
- Price: 4.222 USDT (-4.61% in the last 24 hours).
- 24h range: from 4.154 (minimum) to 4.439 (maximum).
- Trading volume:
- 7.53 million ATOM (≈ 32.29 million USDT), indicating moderate activity.
Key observations
1. Downtrend: Price decreased by 4.61%, approaching the daily minimum (4.154).
2. Support/resistance levels:
- Support: 4.15 (daily minimum).
- Resistance: 4.44 (daily maximum).
3. Risk/volatility: High volatility (gap between min/max > 6.8%).
Recommendations
- Short positions: Possible when testing resistance at 4.44 with a target of 4.15.
- Long positions: Consider only on a confident rebound from 4.15 with confirmation (e.g., increased volume).
- Stop-loss: For buyers — below 4.10, for sellers — above 4.45.
Factors to monitor
- Overall market trend (BTC/ETH).
- News on the Cosmos (ATOM) ecosystem.
Conclusion: A bearish scenario prevails, but corrections are possible. Trade carefully, considering volatility.
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