ATOM Long

This chart represents a long-term price action view of ATOM/USDT, showcasing the accumulation phase and a potential future bullish trend.

The current price action suggests that ATOM is in a period of accumulation around the $4.80 - $5.00 zone. The highlighted region in blue represents a potential area for price to push into, driven by buysid liquidity, with the expectation of a possible breakout towards the $17.20 target.

Key points:

• Accumulation phase around the $4.80 - $5.00 range.
  
• Potential bullish movement towards $17.20, driven by liquidity zones.
  
• Key low as a critical support zone, protecting the downside.
  
• Target levels around $17.20 for upside potential.
  

Always monitor the price action closely for any confirmation before executing a trade.