ATOM - Is all time high surmountable

ATOMUSDT

At the time of writing this ATOM/USDT pair was trading at $34.8.

Yesterday (Sep 13), the price wicked $39.11 which is a strong resistance level and made an ATH of $38.69.

ATH levels always have a mark on their head and automatically become a distribution zone i.e. highly succeptible to a correction.

Possible support levels at current price can be;

S1 - 32.32
S2 - 30.39
S3 - 28.53

In case a momentum is built and the price tries to move further it will find a strong resistance at ATH and at $41.89 level.

Please feel free to comment and express your opinons in the comment section.

Asad Rindani
Co-Founder Crypto Swordfish