Market sentiment remained bearish, despite ATOM's 19.5% gains over the past seven days.
consolidating at the $26.5k price zone, bulls could be looking to register further gains from the key support level.ATOM’s bearish slide reached a new low on 10 June as it sank to the July 2022 price of $7. The bearish candle on the 12-hour timeframe broke through the $8.53 support level, which was last tested in December 2022.
With price consolidating just above this critical support level, the odds are increasingly likely for another significant bullish rally.
France Dernières Nouvelles, France Actualités
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