ATOM may drop as low as $9 as the 2024 ride begins.
Traders should watch out for the funding rate for a buying opportunity.
Cosmos [ATOM] has started erasing the gains it had in the last 30 days, and according to analyst Ali Martinez, more could be on the way.
His analysis showed that ATOM could start the new year by correcting to $9. Martinez’s post on X showed that he used the Tom DeMark (TD) Sequential to arrive at his conclusion.
The TD Sequential has flashed a sell signal on #Cosmos 3-day chart! This indicator suggests a possible price correction could be on the horizon, potentially driving $ATOM down towards $10, or even as low as $9. pic.twitter.com/FwvXLL6RBp
— Ali (@ali_charts) December 31, 2023
Participants withdraw interest
The TD Sequential indicates the time of exhaustion of a trend and possible price reversal. So, the prediction suggested that buyers involved in pushing the token to $12.25 on the 26th of December were out of the market.
At press time, ATOM’s price
We współpracy z: https://ambcrypto.com/atom-flags-bearish-warning-will-prices-hit-9/
