$ATM Pullback in Progress – Support or Slippery Slope?
ATM/USDT is trading at $1.595, up +14.91% on the day after an aggressive pump toward the $1.94 zone. However, price has sharply pulled back from the highs, testing key short-term support zones. Volume has cooled, and bulls are now fighting to hold ground.
Key Levels to Watch
Resistance:
• $1.68 – Minor resistance from lower high
• $1.78 – Mid-range reaction zone
• $1.94 – 24h high and major breakout level
Support:
• $1.58 – Local support under pressure
• $1.50 – Next key defense level
• $1.34 – 24h low and trend invalidation zone
Bullish Trade Setup
Reclaim above $1.68 could aim for:
• Target 1: $1.78
• Target 2: $1.94
Bearish Trade Setup
Break below $1.58 may open downside toward:
• Target 1: $1.50
• Target 2: $1.34
This retracement is a healthy test—but bulls must reclaim higher zones quickly or risk deeper correction. Confirmation is key before reentry.