ATLAS coin price shows a solid bullish cup and handle pattern in the 4-hour chart, which may shortly give a breakout rally above the 200-day EMA.

Key technical points:
<ul>
 	<li style="font-weight: 400">ATLAS coin price struggles to surpass the 100-day EMA.</li>
 	<li style="font-weight: 400">The MACD and signal lines are nearing a bullish crossover</li>
 	<li style="font-weight: 400">Finally, the 24-hour trading volume of Star Atlas is $10.25 Million, marking a 106% rise. </li>
</ul>
<h2>Past Performance of ATLAS</h2>
ATLAS price has fallen to a new lower low at $0.23 on March 15th. The buyers showed strong interest in this discount price and immediately rebounded the altcoin with a bullish engulfing candle. The V-shaped recovery has surged the coin price by 20%, hitting the $0.028 monthly resistance. 

 <img src="https://s3.tradingview.com/snapshots/4/4DfFGTYa.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/4DfFGTYa/">Tradingview</a>
<h2>ATLAS Technical Analysis </h2>
A bearish reversal from the $0.028 resistance had tumbled the ATLAS price by 10% and pulled it below the $0.025 support. However, an upcoming trendline prevented further loss and pushed the altcoin back above the breached support line.

In addition, the technical chart shows a cup and handle pattern forming in the 4-hour time frame.           

The recent price has reclaimed the rising 20-and-50 EMA, indicating the bulls are wresting control from bears in the short term. However, the coin price moving below the 100 and 200 EMA maintain an overall bearish tendency.

RSI Indicator: the RSI slope reenters the bullish territory after the recent correction caused a minor dip. Moreover, the string shows an uptrend continuation in the nearly overbought zone with the 14-day SMA.

MACD Indicator: Despite a minor correction, the MACD and signal line sustained above the neutral zone(0.00) indicated a bullish bias. Moreover, these lines approaching a bullish crossover provided additional confirmation for potential.

In a nutshell, the ATLAS technical analysis shows early reversal signs, which could lead to a short-term bull run.
<h2>Upcoming Trend </h2>
The ascending trendline could assist buyers in pushing ATLAS price to $0.028 resistance. If buyers breach and close above this bullish pattern neckline, the rally could hit the 5.44% high resistance at $0.03. Furthermore, a follow-up breakout would open the door for the $0.34 mark

On the opposite end, a breakdown from the support trendline could sink the ATLAS price by 11.5% to the march low($0.023)

Support Levels: $0.0257 and $0.0243

Resistance Levels: $0.028 and $0.03

ATLAS Technical Analysis: Bullish Pattern Eyes $0.03

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.

ATLAS Technical Analysis: Bullish Pattern Eyes $0.03

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