ATOM Price Teeters at Resistance: Will Bulls Break or Fall?

ATOM is trading at $1.65 with a bullish short-term moving average stack beneath it, but momentum has stalled and buyers are running out of conviction.

The price is jammed against the upper Bollinger Band, with taker sell volume dominating buy volume - a 60/40 split in favor of sellers.

The immediate ceiling for ATOM is $1.70, with $1.74 being the first hard resistance level and a wall of long-term overhead supply above that.

However, a breakdown below $1.60 on significant volume would flip the short-term bias negative and target $1.56 support, followed by $1.44 if $1.56 breaks.