Whale Analysis: On-chain data indicates that major $ATOM holders are currently defending the $1.92–$2.05 accumulation zone. Despite a 6% weekly drop, "smart money" is utilizing the $2.10 level to absorb retail panic selling triggered by recent ecosystem security concerns.
Chart Pattern: On the 5m/15m charts, ATOM is printing a double-bottom at the $2.08 level. The price is currently at $2.10, attempting to flip the EMA(26) resistance into support. A successful reclaim of $2.17 will confirm a "liquidity grab" reversal, targeting the gap up to $2.40.
Manipulation Check: Whales are likely "hunting" stop-losses near the $2.00 psychological mark. A brief wick below $2.05 followed by a high-volume recovery is the classic signal for an institutional long entry.
The Setup:
Trade: Long (Buy)
Entry: $2.06 – $2.11
Take Profit: $2.38 (Primary resistance target)
Stop Loss: $1.92 (Below recent structural lows)
Leverage: Mid (10x – 12x)
Risk Warning: Market sentiment is "Extreme Fear." Ecosystem fragmentation and capital flight remain high-risk factors. Strict SL is mandatory.