Potential Breakout
If ATOM breaks the downward trend and consolidates, it could activate a target of $9. The current price action suggests a higher likelihood of breaking the downward trend.
6/8/20241 min read
![ATOM chart showing a potential break of the downward trend with a target price of $9 if consolidatio](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=1018,h=586,fit=crop/mP4DRvxXEycnaE1Q/1-YleMVQxGzOIop5ay.png)
![ATOM chart showing a potential break of the downward trend with a target price of $9 if consolidatio](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=328,h=189,fit=crop/mP4DRvxXEycnaE1Q/1-YleMVQxGzOIop5ay.png)
If ATOM breaks the downward trend and consolidates, the target of $9 will be activated. It appears more likely to break the downward trend.