<em><strong>ATA price action shows a price jump ready to soar above the resistance trendline to reach the overhead resistance at $0.27.</strong></em>
<h3><strong>Key technical points:</strong></h3>
<ul>
 	<li>The ATA market price has increased 30% over the past three days.</li>
 	<li>The price action shows a bull cycle ready to surpass the resistance trendline.</li>
 	<li>The 24-hour trading volume of Automata Network is $40.68 Million, indicating a hike of 4.40%.</li>
</ul>
<h2>Past Performance of ATA</h2>
ATA prices experience an increase in demand remarkably as the consolidation breakout challenges the long-coming resistance trendline. In addition, the bullish reversal from the $0.15 mark results in a double bottom pattern, and the breakout will coincide with the trendline breakout. Hence, traders can expect the trendline breakout as an entry spot.

<img src="https://s3.tradingview.com/snapshots/5/58jgXWLc.png" alt="TradingView Chart" />

<strong>Source-</strong> <a href="https://www.tradingview.com/x/58jgXWLc/" target="_blank" rel="noopener">Tradingview</a>
<h2>ATA Technical Analysis</h2>
ATA price action forms a bullish engulfing candlestick closing slightly above the resistance trendline. Hence, traders must wait for the daily candle to close above the $0.20 mark resulting in the double bottom breakout. The bullish reversal rally surpasses the 50-DMA resulting in a bullish reversal in the ten and 20-DMA. The daily RSI's slope shows a sideways trend close to the halfway line 14-day SMA, reflecting a solid underlying bullish trend.

The MACD and signal lines maintain a bullish alignment to reach the zero line with a positive trend in the MACD histograms. Hence, the indicator projects a rising trend in buying pressure. In a nutshell, the <a href="https://www.cryptoknowmics.com/news/mana-technical-analysis-rebound-to-1-34-is-expected/">technical</a> indicators support the price action teases a double bottom breakout.
<h2>Upcoming Trend</h2>
If the buying pressure continues, ATA prices will break above the double bottom’s neckline at $0.20, and traders can expect a price jump to $0.25.

<strong>Resistance Levels:</strong> $0.20 and $0.25

<strong>Support Levels:</strong> $0.16 and $0.13

ATA Technical Analysis: Will Trendline Breakout Unleash A 40% Jump?

ATA Technical Analysis shows a price jump ready to soar above the resistance trendline to reach the overhead resistance at $0.27.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

ATA Technical Analysis: Will Trendline Breakout Unleash A 40% Jump?

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