ATOM Price Prediction: Bearish Breakout Envisaged at $13 Level
Weak bullish movement in ATOM market ATOMUSD Price Analysis – October 08 When ATOM break down the support level of $10, price may be expose to the low of $8 and $7 support levels. In case the support level of $10 holds, price may increase to the resistance level at $13, further increase in the bulls’ pressure may push up the price to $14 and $16 levels. ATOM/USD Market Key levels: Resistance levels: $13, $14, $16 Support levels: $10, $8, $7 ATOMUSD Long-term Trend: Bearish ATOMUSD is bearish on the daily chart . Atom has formed a bearish chart pattern on the daily chart called double top. This is noticed at the resistance level of $16. Sellers took over the market with the formation of bearish engulfing candles. The crypto penetrates the former support level s of $14 and $13. The bearish trend extends to $10 support level where it is currently pulling back. The price is trading below the two EMAs as a sign of bearish movement. The fast Moving Avera...