$ATOM ‌is attempting a recovery after a prolonged corrective phase.

On the 1-hour chart, price previously rallied toward $2.50, where strong selling pressure appeared and triggered a sustained downtrend. That rejection shifted the structure into a sequence of lower highs and lower lows, eventually pushing the market toward the $1.70 region, which marked the recent low.

Since touching that level, ATOM has begun forming higher lows, suggesting that selling momentum may be slowing and buyers are gradually stepping back in.

Price is now trading around $1.88, approaching a nearby resistance area that previously acted as a consolidation zone during the decline.

What I’m watching next is whether $1.85–$1.88 can hold as support during pullbacks. If buyers continue defending this area, the market could attempt a move toward $1.95–$2.00, where the next cluster of resistance may sit.

However, if momentum fades and price drops back below $1.85, the structure could rotate toward $1.78–$1.80, where the recent recovery began.

For now, ATOM appears to be stabilizing after a major decline, and the reaction around the current resistance zone will likely determine whether the recovery continues or shifts back into consolidation.

#GateSquareAIReviewer