Fluctuations in a Range-Bound Trend
2024-08-31

ATOM is in a range-bound trend but is experiencing strong fluctuations that may indicate the entry of strength into the market. These fluctuations could signal a potential change in the trend’s direction or the continuation of the current movement.

Potential Scenarios:

 	1.	Downward Movement and Stop-Loss Collection: 
	•	One possible scenario is that ATOM may first move downwards to lower levels, collecting stop-losses in these areas. After absorbing demand and attracting new buyers, the price could then move upwards, initiating a new upward trend.
 	2.	Continuation of the Uptrend After a Short-Term Correction: 
	•	If ATOM can move upwards after a brief downward correction without breaking below key lower levels, this could indicate market strength and a willingness to continue the uptrend. In this scenario, the price may reach higher levels and experience significant growth.