As Atrium prices have fallen even more in recent days, some analysts have warned that the digital currency could reach $ 1,700 and pull down other pennies.
According to the Coin Telegraph, Bitcoin and Atrium are still hesitant. As a result, retailers revised their charts and adjusted their short-term expectations to the new circumstances. On February 17, the price of bitcoin fell below $ 40,000 in a short time. In addition, Atrium was unable to maintain its support in the $ 2,900 range, increasing the probability of falling below $ 2,500.
This morning, the price of the Atrium was close to the support level of $ 2,900, but then faced a sell-off, reaching a bottom of $ 2,752.
Next, we look at the views of several analysts on the fall in the price of the Atrium and show whether or not rising political tensions in the world will lead to a further fall in the price of this digital currency or not.
The trader, nicknamed Crypto Tony, posted the following chart on Twitter, talking about areas of support and resistance that market participants need to look out for.
The $ 3,900 range still plays a big role for me. If we lose it, we will have to wait for the price of the atrium to fall deeper. If we change direction or can’t reach it at all, my next goal is $ 1,700.
Another anonymous user, nicknamed IncomeSharks, provided positive feedback. By publishing the chart below, he showed that the price of the Atrium is in a significant range of resistance.
He wrote on Twitter:
The atrium is located exactly in the resistance zone of the Super Trend indicator. As the line is currently flat, it has a better chance of growing and changing the direction of the market from bears to bulls. If Atrium enters an uptrend, I think its next target is $ 2,900 to $ 3,000.
Another unnamed trader, nicknamed Pentoshi, is tweeting what could happen to the digital currency and altcoin market in the future as Atrium loses its current range.
He wrote on Twitter:
I must also mention that at this level the strength of buyers is significant, as the price managed to maintain the support of previous floors. However, we still see a decline in the overall picture. The general trend is downward. If the support of these floors breaks, the price of most quinces will fall.
The publication Atrium Price Analysis: The market could fall to $ 1,700 appeared for the first time in digital currency.