ATOM Descending Channel Support Bounce 🧐
Cosmos (ATOM) is currently reacting from the lower boundary of a long-term descending channel on the weekly timeframe 👀
This zone has acted as structural support in the past, and price is now showing signs of stabilization above this key level. Holding this area could build the foundation for a broader recovery phase 💁♂️
From a technical perspective, weekly support + channel structure often creates high R:R opportunities if momentum follows through.
🎯 Upside Targets:
$2.80 → $5.50 → $8.00 → $10.50 → $14.50
⛔️ Invalidation / Stop-Loss:
Below $1.65 (weekly close)
If buyers defend this zone, ATOM could gradually expand toward higher resistance levels. However, a breakdown below $1.65 would weaken the bullish thesis.
Are you accumulating at support or waiting for confirmation? 🤔
Follow for more high-probability crypto setups and market breakdowns.
#ATOM