Bears had the upper hand in ATOM's bearish momentum, but there could be a reversal as more traders hold longer positions. Despite a bullish rally in mid-April, ATOM's price has dropped by over 20% due to intense selling pressure, and it currently stands at $10.51. Although Bitcoin and the general crypto market have experienced mild gains in the past few days, ATOM's price has remained around the key support level of $10.56. Market sentiment slightly favors bulls, but traders should exercise caution and watch for potential price movements before entering new positions.
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