Will it continue to rise or could it fall? (Update) | $ATOM
Possible rise 🟩
If the price manages to stabilize above the middle band ($4.5) and gains strength between $4.7 - $4.82, it could push towards intermediate levels, getting closer to the upper band (~$5.22).
The predominance of bullish signals in the technical indicators suggests that the momentum favors buyers for now.
The price is within the range of the bands, which suggests that we are not in an overbought or extreme oversold zone.
On Bitget, the summary of technical indicators for ATOM is clearly optimistic:
16 Buy signals
9 Neutral signals
0 Sell signals
This suggests relevant bullish pressure.
Possible drop / correction
If support on the lower band is not confirmed or if there is a lack of buying volume, ATOM could drop to $3.90 or even below in extreme cases.