ATOMUSDT ! Crypto is falling again. Channel breakdown? 🤯

2022年7月27日

ATOMUSDT is trading in an uptrend channel, but the global trend is bearish. The cryptocurrency market is moving into the red zone again and therefore I believe that the coin may fall.

On the chart we can see that the price is trading near the support of the uptrend channel, but under the resistance 9.265, the price made a retest of this level, made a false breakout and in the moment is consolidating under the level.

I assume that Bitcoin's movement can drag the whole market down and we will see ATOMUSDT go down from the uptrend channel support zone and reach the medium-term target - 7.743 support

Regards to R. Linda!