ATOM bounces off the support line of its ascending triangle trend and is currently trying to break above the horizontal supply zone. The Ichimoku cloud acts as support, indicating underlying bullish strength.
A successful breakout from the pattern will confirm a bullish trend. However, if the resistance holds, the price may continue to consolidate within the triangle.
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ANALYSIS #ATOM/USDT
ATOM bounces off the support line of its ascending triangle trend and is currently trying to break above the horizontal supply zone. The Ichimoku cloud acts as support, indicating underlying bullish strength.
A successful breakout from the pattern will confirm a bullish trend. However, if the resistance holds, the price may continue to consolidate within the triangle.