ATOR Coin Analysis: Buyers Are Showing Consistent Dominance 

• The ATOR coin price is forming an ascending channel pattern in the 4-hour timeframe. 
• Moving averages are giving ‘strong buy’ signals while oscillators are suggesting neutrality. 

ATOR protocol (ATOR) offers a framework that allows existing Onion Router (Tor) relays to receive rewards in their native cryptocurrency. It enhances Tor through on-chain capabilities and facilitates broader adoption of the secured network relay protocol through hardware products. ATOR is designed for Tor routing and is immediately interoperable with the ATOR Proof-of-time framework.

Past performance of the ATOR Coin

Since the initial coin offering (ICO), the ATOR coin has been performing competitively. It has given an all-time return of 162.35%, 98% in a month, and 10% in a week. The coin is showing a decent growth compared to the other currencies. 

On September 2, 2023, the ATOR coin price made a quick strike candle which lasted up to the $0.9089 level. Consequently, that led the coin price to fall to the $0.4682 lowest support level after the breakdown of the $0.5170 support level.

From that level, the coin price started a bullish rally that struck above the immediate resistance of $0.8267. Consequently, the price observed an increase of 78% in its value. On October 15, the price broke above the $0.9089 important resistance level.

Currently, that level has become a pivotal level. After the breakout of this level, the ATOR coin price started the formation of an ascending channel which never got broken and has lasted until now. At present, the ATOR coin price is at $1.6260.

Technical Analysis of the ATOR Coin

The ATOR coin is currently moving above the 50-day and the 200-day EMAs, displaying an uptrend. In a closer look, the 50-day EMA at $1.4618 has become a strong support for the price. However, if the price closes below the 50-day EMA, it may result in a short-term fall. The 200-day EMA is at $1.1790.

At press time, the ATOR coin is trading at $1.6171 after the breakout of the consolidation range of $1.5068. It faced resistance from the $1.7252 resistance level and is currently moving toward the breakout level to retest it. The trendline forming below would be a second support level for the price.

Moreover, the relative strength index (RSI) is giving a neutral perspective on the price momentum. At present, the RSI is sloping at 58.90 toward the 70-mark upper band.

Conclusion

Overall, the ATOR coin price is moving in an ascending channel. The lower line of the ascending channel is currently preventing the coin price from falling. On the other side, the 50-day and the 200-day EMAs are moving below the price, representing an uptrend. At present, the ATOR coin price is moving toward the $1.7973 resistance level. If the price closes above that level then the upper line of the ascending channel will be the next resistance. 

Technical Levels

• Resistance levels: $1.7973 and $2.0165
• Support levels: $1.2550 and $1.0762

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or any other advice. Investing in or trading crypto assets comes with the risk of financial loss.