Updating the market for top-tier assets: the price of the ATOM coin is currently trading at around 1.536 after a sharp drop from the bearish channel formed since its February peak at 2.500, with the price now stabilizing near the channel’s lower support level around 1.536. This is the same trendline that saw a significant rebound in early April, making the current retest a critical structural moment that the price must hold to avoid a complete breakdown. A hold above the lower channel near 1.536 and the reclaim of the 1.640 level would open the way for a recovery toward the 1.760-1.840 range. Meanwhile, losing 1.500 on an 8-hour timeframe close would be a major structural breakdown, exposing the 1.465 zone. Reclaiming 1.700 would be the first real confirmation that the channel support has held.