$ATOM SETTING UP FOR A BREAK WILL SUPPORT HOLD THIS TIME.
$ATOM /USDT has been stuck in a descending channel, sliding from the $5.084 high to current levels near $4.00. After multiple failed breakout attempts, price is now approaching a key support zone between $3.90 – $4.00, with resistance above at $4.25 – $4.30.
If bulls defend the support, a bounce-back toward the resistance zone is likely. But a breakdown below $3.90 could open doors for deeper downside.
Trade Setup – Range Play:
• Support Zone: $3.90 – $4.00
• Resistance Zone: $4.25 – $4.30
• Breakout Trigger: Above $4.30
• Breakdown Trigger: Below $3.90
Keep watch $ATOM is sitting at a tipping point, and a strong move is brewing.