Technical analysis by SerenityEquity about Symbol ATOM: Buy recommendation (2/3/2025)

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.