ATOM Price Prediction: $1.70 Break or Bearish Bias

As of September 8th, ATOM is trading at $1.65, stuck against its upper Bollinger Band, and facing heavy selling pressure from taker volumes.

The short-term moving averages are stacked bullishly below the current price, but momentum has flatlined with a MACD histogram hitting zero.

Despite 61.8% of retail traders being long and smart money holding a 63.3% long position, the taker buy/sell ratio shows aggressive selling pressure at 0.5709.

The immediate ceiling for ATOM is $1.70, but failing to break through cleanly will set up a short-term bearish bias with targets at $1.60 and $1.56.