<img src="https://s3.tradingview.com/snapshots/j/jfxLiMt3.png" alt="TradingView Chart Snapshot" />

<a href="https://www.tradingview.com/x/jfxLiMt3/">https://www.tradingview.com/x/jfxLiMt3/</a>

Just a few steps separate buyers from the critical range of $17-$18. It is this liquidity zone that will decide the ATOM market fate for the next few months. In the <a href="https://www.cryptoknowmics.com/news/atom-technical-analysis-buyers-suffering-is-over/">previous analysis</a>, we predicted a test of this range. It was the active <a href="https://www.cryptoknowmics.com/news/atom-technical-analysis-atom-price-has-fallen-below-the-fibonacci-pivot-point-of-13-42/">previous trading week</a> in the ATOM market and the price increase by 20%. It gave buyers the pace and chance of breaking $17-$18 upwards.

Last week, the trading volumes did not differ from previous weeks, which indicates the weakness of sellers, even in their territory. Three unsuccessful attempts by sellers to fix below $8.5-$9.5 exhausted sellers as much as possible.

Given the mood of market participants, the most pessimistic scenario at the moment is a test of the $12.5-$13 range before continuing the growth wave and breaking the $17-$18 range. At this point is the middle line of consolidation, which buyers will not give up, having such ambitions for growth. In this case, the next target where buyers may have problems is at $21.5.
<h2>Technical Analysis of ATOM on a Daily Timeframe</h2>
<img src="https://s3.tradingview.com/snapshots/k/k0DkD2Fj.png" alt="TradingView Chart Snapshot" />

<a href="https://www.tradingview.com/x/k0DkD2Fj/">https://www.tradingview.com/x/k0DkD2Fj/</a>

However, the fact that buyers are pushing the price to the range of $17-$18, and even on local corrections to the BTC market do not give ATOM sellers a chance to lower the price below, suggests that the negative scenario can still be rejected.

Looking at the history of ATOM price trading, it seems that after breaking the range of $17-$18, the price should spend some time in the consolidation of $17-$21.5 to accumulate strength and continue the growth trend with the next target of $25.
<h2>The ATOMBTC Chart Predicts a New Wave of Market Growth</h2>
Though, the most interesting information and real prospects of the ATOM market can be seen on the ATOMBTC chart:

<img class="alignnone" src="https://s3.tradingview.com/snapshots/o/ofIQtRqo.png" alt="ATOM" width="1380" height="809" />

<a href="https://www.tradingview.com/x/ofIQtRqo/">https://www.tradingview.com/x/ofIQtRqo/</a>

As we can see in the chart, after successfully maintaining the range of 0.0002662-0.0002904, the price increase of ATOMBTC has not actually started. While growth impulses have already swept through other cryptocurrencies, ATOM is waiting its turn.

Therefore, the local correction in the ATOM market in the range of $12.5-$13 can be considered a miracle. And buying ATOM in this range will be equated to a happy medium-term investment with a final target of $25.

ATOM Technical Analysis: Global Target of Buyers Is $25

Just a few steps separate buyers from the critical range of $17-$18. It is this liquidity zone that will decide ATOM market fate for the next few months.

Peter came to know about cryptocurrencies in 2017 and was instantly enamoured by their massive potential. As he gained more insights about the crypto market, he began writing about it. Peter's daily activity is analysis and forecasting, studying the price movements probabilities, and trying to understand the market inside. He is glad to witness such a phenomenon as cryptocurrency and decentralized finance, and to participate in it.

ATOM Technical Analysis: Global Target of Buyers Is $25

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