ATOM coin price shows a downtrend in a falling channel pattern, ready to break the $20 support level and reach the $18 mark. 

Key technical points:
<ul>
 	<li style="font-weight: 400">ATOM prices attack the $20 mark.</li>
 	<li style="font-weight: 400">The 100 and 200-day EMA are ready for a bearish crossover.</li>
 	<li style="font-weight: 400">The 24-hour trading volume of Cosmos is $460.82 Million, reflecting a decline of 9.20%. </li>
</ul>
<h2>Past Performance of ATOM</h2>
ATOM coin price fails to recover the bullish trend after breaking below the psychological mark of $25. After the breakout, the downtrend continues in a falling channel pattern accounting for a 20% fall and reaching the $20 mark. 

<img src="https://s3.tradingview.com/snapshots/d/dm2paPQq.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/dm2paPQq/">Tradingview</a>
<h2>ATOM Technical Analysis </h2>
ATOM coin price action shows a weakness in the trading volume, reflecting a lack of bearish commitment to the downfall. Hence, the reversal possibility from the support confluence of the trendline and the $20 level increases. 

Ready to achieve a bearish alignment, the falling trend of the crucial 100 and 200-day EMA prepare a bearish crossover. Hence, the indicator projects a high possibility of a downtrend continuation. 

MACD Indicator: The fast and slow lines maintain a declining trend lower than the zero line, which is a sign of a bearish trend in place. The MACD histograms indicate an upward trend, which suggests the possibility of a strong downtrend. 

RSI Indicator:  The RSI slope displays an increasing trend in bearish power as it gets closer to the oversold limit within the 14-day SMA influence

In a nutshell, the ATOM technical analysis indicates a much more likely possibility of the support trendline fallout. 
<h2>Upcoming Trend </h2>
ATOM coin price action forecasts a breakout rally below the $20 mark, ready to reach the $18 support as the EMAs are on the verge of achieving the bearish alignment. But, the chance of a reversal is substantial to trap sellers within a bull cycle. To avoid falling into the trap, traders should be patient and wait for a close lower than $20 before attempting to ride the downtrend until $18.

Support Levels: $20 and $18

Resistance Levels: $22.5 and $25

ATOM Technical Analysis: Falling Channel Warns $20 Fallout

ATOM coin price shows a downtrend in a falling channel pattern, ready to break the $20 support level and reach the $18 mark. 

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.

ATOM Technical Analysis: Falling Channel Warns $20 Fallout

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