Fluctuations in a Range-Bound Trend

ATOM is in a range-bound trend with strong fluctuations, potentially signaling a trend change or continuation. Key scenarios include downward movement for stop-loss collection followed by a possible uptrend, or a continuation of the uptrend after a brief correction.

9/4/20241 min read

ATOM price chart showing range-bound fluctuations with potential scenarios of a downward movement fo
ATOM price chart showing range-bound fluctuations with potential scenarios of a downward movement fo

ATOM is in a range-bound trend but is experiencing strong fluctuations that may indicate the entry of strength into the market. These fluctuations could signal a potential change in the trend’s direction or the continuation of the current movement.

Potential Scenarios:

1. Downward Movement and Stop-Loss Collection:
• One possible scenario is that ATOM may first move downwards to lower levels, collecting stop-losses in these areas. After absorbing demand and attracting new buyers, the price could then move upwards, initiating a new upward trend.
2. Continuation of the Uptrend After a Short-Term Correction:
• If ATOM can move upwards after a brief downward correction without breaking below key lower levels, this could indicate market strength and a willingness to continue the uptrend. In this scenario, the price may reach higher levels and experience significant growth.