Atrium Price Analysis: An important support that should not be missed
The price of Atrium fell below $ 3,250 two days ago and fell to $ 3,000 before the market began to move upwards.
To Report NewsBeauty started another bearish correction in the market after buyers could not overcome the resistance of $ 3,350. The fall further deepened as support at $ 3,250 and $ 3,120 broke.
The price of Atrium reached $ 3,000 at some point, and even exceeded that level in some exchanges. Recently, the price has corrected somewhat upwards and has passed the resistance of $ 3,120 and $ 3,150. In addition, the bearish trend line on the 1-hour chart had a resistance level at $ 3,100, which was broken by the price jump.
The price continued to rise above $ 3,200; But after that, the upward trend did not continue. Atrium is currently hovering below $ 3,200.
The price is currently below the 23.6% Fibonacci retracement level, and if the market rises, the closest resistance to the price will be at the same level of $ 3,200. In this analysis, Fibonacci levels are set based on the upward movement of the price from $ 3,006 to the peak of $ 3,209. Then $ 3,250 and the 100-hour moving average (SMA) will act as key price resistance.
The main resistance is the price in the range of $ 3,300. The passage and closing of the price candle above this level can be a spark for price recovery. The $ 3,450 level will be the next hurdle for buyers.
On the other hand, if Atrium fails to break the $ 3,250 resistance, the downtrend may continue. In the event of a downtrend, the nearest price support will be at $ 3,120.
The first key price support is in the $ 3,100 range and the 50% Fibonacci retracement level. Crossing and closing the price candle below this level could bring the price back to the important support of $ 3,000 in the short term.
The MACD is entering a bearish range and the Relative Strength Index (RSI) is above the 50 level.
As mentioned, $ 3,100 is a key support for Atrium, and $ 3,300 serves as price resistance.