ATOM MARKET STRUCTURE UPDATE
I'm tracking
$ATOM closely as volume expands, with the current price hovering near the mid-range of $2.0965, representing a 0.02% increase from the 24-hour low of $2.0030. The volume profile indicates a slight increase in buying pressure, which could lead to a clean breakout above $2.1791, with a potential target of $2.21, representing a 3.1% increase from current prices if
$ATOM can sustain above $2.1440. It's worth noting that
$ATOM shouldn't have issues holding above the support zone of ~$2.0130, with the mid-range of $2.0965 acting as a key level to watch.
The funding rates are relatively stable, which shouldn't impact
$ATOM 's price action significantly, allowing it to focus on its market structure shift.
Given the current market sentiment,
$ATOM 's price action will be crucial in determining its next move, with a potential retest of the support zone of ~$2.0130 if it fails to hold above $2.0965.
$ATOM #ATOM #Crypto #BinanceSquare