ATOM Price Hit by Aggressive Sell Flow

ATOM's price has been coiling at $1.50, but momentum is gone and sell flow dominates the market.

The distribution signal at this level is textbook, with a dead cat bounce that recovered from $1.48 to close at $1.50.

The taker buy/sell ratio is lopsided, with $1.38 in sell-side pressure for every dollar of buy-side aggression, indicating distribution rather than profit-taking.

The bigger picture shows ATOM trading below its SMA 7 at $1.55, which has flipped from support to resistance.