ATOM: Price Chart Analysis

In this post I do some price chart analysis on ATOM. I'm not familiar with the project but got a request from a viewer over in tiktok land so did a quick review.

This Looks Like Another Chart..???

Looking at the daily chart above I can't help but see the resemblance to the ETH chart.

And just like with ETH we will likely need to see bitcoin dominance test all time lows for ATOM to breach all time highs.

The pump higher off the 9.50 base area has atleast stayed within an ascending channel so that support line of the channel is what I'd keep my eye on as price could use some consolidation here after running into the supply zone from the highs.

A pullback to the 10 day MA and that support line would not be bad at all so long as price bounced. Otherwise, if price is gonna keep mooning it needs ot break this 26-27 area and make a run at the 28-29 reversal top leaving just the all time high left.

Many of these alt coin charts look the same right now so I'm keeping my eye on ETH as the lead for the time being.

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