The post ATOM Technical Analysis Jan 29 appeared on BitcoinEthereumNews.com.

ATOM is facing a critical intraday support test at $2.19. In the 24-48 hour outlook, the downtrend dominates, BTC pressure is challenging altcoins. Nearby levels should be closely monitored. Short-Term Market Outlook ATOM is trading at $2.19 on the morning of January 29, 2026, and stayed within the $2.18-$2.30 range with a 1.57% decline over the last 24 hours. The short-term trend is clearly downward; the price continues to stay below EMA20 ($2.24), strengthening the bearish signal. RSI at 36.57 is approaching the oversold region, but this alone does not guarantee a reversal. Although the MACD histogram is positive, overall momentum is weak, and Supertrend remains bearish at the $2.31 resistance. Volume is around $44M, low compared to previous days, which may limit volatility. In a multi-timeframe (MTF) context, we have 7 strength levels across 1D, 3D, and 1W timeframes: 3 supports/2 resistances on 1D, balanced distribution on 1W. In the short term (4H and 1H), focus should be on a break below $2.18 or recovery above $2.21. If the intraday range narrows, sudden moves are possible; however, BTC’s downtrend may hinder upside in altcoins. The outlook for the next 24-48 hours is cautiously bearish, with quick scalp opportunities to be sought at tight levels. Risk: Short-term trades involve high volatility, stop-loss is mandatory. Intraday Critical Levels Nearby Support Zones Main intraday support at $2.1834 (score: 66/100), very close to today’s low of $2.18. If this level breaks, a quick acceleration toward the $2.15-$2.16 range (previous swing low) is possible, invalidation above $2.20 close. Second support around $2.15, aligned with 1D support from MTF. These zones have potential for scalp longs, but volume confirmation is required. Nearby Resistance Zones First resistance at $2.2101 (score: 74/100), combined with EMA20 $2.24. On breakout, $2.3029 (score: 66/100) and Supertrend $2.31 are targeted. Today’s…

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Filed under: News - @ January 29, 2026 6:27 pm