ATOM has reached the resistance of $4.7🟩
Could it rise further? | $ATOM
🔎 Current situation
Immediate support: $4.50–4.55
Strong resistance: $4.70 → if it breaks with volume, the next level is at $4.90–5.00.
Short trend: positive, but still with volatility and corrections along the way.
✅ Signals in favor of rising further
The market in general shows intraday recovery (BTC and SOL in green).
ATOM is respecting its range and each bounce from $4.40–4.50 has been faster.
If it surpasses $4.70 strongly, many traders could enter looking for the breakout towards $5.
⚠️ Caution signals
It has made several attempts at $4.70 without managing to consolidate → could generate a pullback to $4.50.
If BTC corrects strongly, ATOM will likely follow.
The Bollinger Bands are narrow, indicating that a strong movement in one direction (not necessarily upward) will occur soon.
📊 Possible scenarios
1. Confirmed bullish breakout:
Entry after surpassing $4.72–4.75 with volume.
Target: $4.90–5.00.
Stop: $4.55.
2. Rejection at resistance:
Retracement to $4.50 and even $4.40 before attempting to rise again.
Good entry zone if it tests the support again.
📌 ATOM is in a decisive zone. If it breaks $4.70 strongly, it could look for $4.9–5.0 soon. If not, a bearish breath towards $4.50 before continuing to rise is likely.
