VIP MARKET UPDATE: $ATOM



$ATOM is trading around the 1.872 area after pushing to fresh highs near 1.920 before a mild pullback brought price back to the current level. The ascending trendline that has been supporting the entire structure since late March continues to hold cleanly, with each retest being bought and price consistently making higher lows. The overall picture remains one of the more constructive in the market right now.

As long as ATOM holds above the 1.860–1.870 area and the trendline continues to rise below, the bias stays firmly bullish and a reclaim of the 1.920 highs followed by continuation remains the most likely scenario. Only a decisive trendline loss on a closing basis would begin to put the current momentum in question.