reached $16.19K on 22 November. Notably, BTC’s decline from $16.60K between 27 and 28 November led to the price correction of ATOM.
In this case, the target for a long position would be the bearish order block at the 50% Fib level . Key technical indicators point toward this inclination. However, an intraday close below $8.736 would invalidate the above inclination. In this case, another downtrend could find new support at $7.059 or below., ATOM saw a steady increase in development activity from October. However, development activity fell in mid-November, only to rise steadily again thereafter.
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