ATOM Technical Analysis Feb 10

ATOM, positioned just below the critical resistance of 1.9839$ at its current price of 1.97$, is under pressure towards the strong support at 1.8310$. In a downtrend structure, the price trapped in the neutral zone with RSI at 41.37 is in a sensitive position for liquidity hunting.

Current Price Position and Critical Levels

ATOM’s current price is at 1.97$, trading in the 1.90$-1.99$ range with a slight 0.92% increase over the last 24 hours. The overall trend continues as downtrend; the price remains below EMA20 (2.07$) and the Supertrend indicator is giving a bearish signal, pointing to resistance at 2.39$. A total of 10 strong levels were identified across 1D, 3D, and 1W timeframes: 3 supports/3 resistances on 1D, 1 resistance on 3D, and 2 supports/2 resistances on 1W showing confluence. This MTF confluence strengthens the levels; for example, the 1.8310$ support overlaps with both the 1D order block and 1W demand zone. Volume is at a moderate 29.99M$, but spikes are observed during rejections, indicating that institutional buyers are defending their positions. Although the price is in a short-term bearish structure, a break above 1.9839$ resistance could trigger upside momentum.

Support Levels: Buyer Pools

Primary Support

1.8310$ (Strength Score: 70/100) – This level stands out as ATOM’s most critical primary support. Reasons: It forms a strong order block (demand zone) on the 1D timeframe; a sharp rejection occurred here in October 2025, with buyers entering on a 150% volume spike. On the 1W chart, it also has confluence with Fibonacci 0.618 retracement and overlaps with EMA50 (around 1.83). Historically tested 3 times and bounced each time; invalidation below 1.80$, a break here would accelerate the downtrend. In terms of liquidity, it’s an ideal pool for stop-loss hunting; major players are defending their long positions here.

Secondary Support and Stop Levels

1.9607$ (Strength Score: 68/100) – Near-term secondary support; formed as a swing low above the last 24h low (1.90$). Confluence with breaker block on 4H chart, carries RSI divergence potential (risk of dropping from 41.37 to oversold). According to volume profile, liquidity has accumulated here; 2 rejections in historical tests. Second level 1.6540$ (Strength Score: 67/100): 1W demand zone, November 2025 bottom structure. Overlaps with 3D EMA200, large-volume tests (bounced 4 times). Monitor below 1.6540$ as stop level; a break here opens downside target to 1.0144$, with R/R ratio of 1:3.

Resistance Levels: Seller Pools

Near-Term Resistances

1.9839$ (Strength Score: 89/100) – Closest and strongest resistance; just above current price (0.7% up from 1.97$). Reinforced with 1D supply zone and 4H order block confluence; rejected at last 48h high here, with seller volume spike at 200%. Additional resistance layer approaching EMA20 (2.07$). Volume breakout required for break; high risk of false breakout, can be used for liquidity grab.

Main Resistance and Targets

2.0895$ (Strength Score: 62/100) – Medium-term resistance; 1W Fibonacci 0.382 extension. Breaker and historical resistance on 3D chart (January 2026 tests). 2.2089$ (Strength Score: 76/100): Main resistance, near Supertrend resistance (before 2.39$). 1D/1W confluence, supply zone tested 5 times; milestone for upside target 2.8684$. Momentum increases on break, but challenging under bearish Supertrend.

Liquidity Map and Major Players

Major players (smart money) have formed long liquidity pools at 1.8310$-1.9607$ supports; below 1.90$ can be targeted for stop hunting. Resistance range 1.9839$-2.0895$ accumulates sell-side liquidity, imbalances could carry upwards. Higher low formation in 1W structure, but carries risk of equal lows in downtrend. Volume profile shows value area low around 1.83$; institutions may be accumulating here. Watch for reversal signals (pin bar, engulfing) after liquidity sweep. Overall map: Price may test 1.98$ for bear trap, then pullback to 1.83$ likely.

Bitcoin Correlation

BTC at 70,107$ level in downtrend (0.77% down 24h), Supertrend bearish; rising dominance is a caution signal for altcoins. ATOM correlates 0.85% with BTC; if BTC loses 69,707$ support, ATOM dragged to 1.83$. Monitor BTC resistances at 70,888$-74,318$; on BTC bounce, ATOM could test 2.08$. If BTC drops below 65,855$, ATOM downside opens to 1.65$ – correlation-based risk management essential.

Trading Plan and Level-Based Strategy

Level-based outlook: Above 1.9839$ bullish bias (target 2.2089$, invalidation below 1.9607$). Long opportunity on 1.8310$ bounce (target 1.9839$, stop 1.80$). Short on 1.9839$ rejection (target 1.8310$, stop above 2.0895$). Target R/R 1:2+; BTC below 69,707$ as trigger. For detailed spot, check ATOM Spot Analysis, for futures ATOM Futures Analysis. This outlook is price action based; market is volatile, wait for confluence.