Price discovery happening for ATOM? 5% pump to 10% dump week
- ATOM was a $0.10 IEO listed at $5+ due to Binance's market making with IEO funds
- No level of market making can sustain that price. Dumped all the way down to $1.80 (0.00018 BTC).
- No bottom was visible. Price strongly and suddenly bounced at 0.00018 BTC and went up 80% in one month.
After another +5% or so ATOM will hit the first strong resistance. It should correct downwards to the first support at 0.000306 btc.
The support isn't very strong, so if it hits it we can assume a further downwards correction is possible.
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