ATOM Falls 7.92% to $1.64, Tests Key Support Level
- —ATOM trades below its 7-, 15-, 30-, 50- and 200-day SMAs and 4.23% under VWAP
- —Daily volume of $41.33 million is 25.73% below the 30-day average of $55.65 million
- —Stochastic at 5.4% points to oversold, but MACD remains bearish
- —Key levels: 90-day SMA at $1.59 and 200-day SMA at $1.70
Why it matters: A break below $1.59 support would raise the risk of further downside, while a reclaim of $1.70–1.72 would restore the bullish case.
Source: DiarioBitcoin