$ATM Analysis – Aug 2, 2025
ATM pumped from $0.93 to $2.16 in a short span, but it's now correcting and consolidating near $1.43. The price is still above the 99 MA ($1.26), showing that bullish sentiment hasn't fully faded. However, the drop below both the 7 MA and 25 MA suggests weakness in the short-term momentum.
Short-term: Avoid buying now. This looks like a post-pump correction phase. If it fails to hold above $1.25, further downside to $1.10–1.00 is likely. Safer to wait for bounce confirmation above $1.60.
Long-term: Still promising if it stabilizes above $1.20 with volume. If fan token hype or events return, a retest of $1.80–2.00 could happen. Good for DCA if it holds key support.
📉 Short-term bearish pullback
📈 Still above major support (MA99)
📊 Volume drying up – wait for breakout or support retest
🔁 Strategy:
• Short-term – Avoid until above $1.60
• Long-term – Accumulate slowly near $1.20–$1.30 with caution