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Is ATOR Crypto Done Rising To Higher Levels, Or Is It Far From Over?

  • ATOR Protocol crypto has very low liquidity based on its market cap.
  • ATOR crypto has shown 15 green trading days in the last 30 days.

ATOR Protocol (ATOR) is a cryptocurrency launched in 2023 on Ethereum, aiming to enhance Tor network functionality and adoption. It incentivizes Tor relay operation via Proof-of-Uptime, offers ATOR Router Hotspot for web traffic routing, and supports ATOR Relay for mining. ATOR tokens fund development, operations, services, and governance within its ecosystem.

Source: CoinMarketCap

ATOR Protocol crypto has witnessed an advance of 4.83% in its trading price in the last 24 hours which is further followed by a small surge of 3.3% in its trading volume. The current market cap ranking of the crypto is #766 as per CoinMarketCap.

The volume/market cap ratio of the crypto is just 1.11% which is very low in comparison to its market cap. The circulating supply of the crypto is 90.3% of its maximum supply resulting in 90.361 Million ATOR.

ATOR Protocol has same amount of maximum supply and the total supply which results in a fully diluted market cap of $318.02 Million. The volatility of the crypto is very high resulting in 25.7% which is extremely high.

The market cap dominance of the crypto is 0.01% and the sentiment of the crypto is bullish. Also, the fear and greed index is at 79 indicating extreme greed and the all-time high price recorded for the crypto is $3.50 which was recorded a few days ago.

Price Volatility Vs Weighted Sentiment Of ATOR

The price volatility of the crypto is consistently declining over the last few days and the weighted sentiment of the crypto is also declining over the last few days which indicates the decline of interest of traders in the crypto.

ATOR Crypto Technical Analysis

Source: ATOR/USD Chart By TradingView

The ATOR crypto price has been facing resistance from a dynamic trendline situated at the higher side of the chart. The price of the crypto has been rejected thrice from the trendline.

The crypto price further is trading at the dynamic resistance and highlights the possibility of further decline in the price of the crypto.

ATOR/USD Chart by TradingView

The EMAs on the daily chart of the ATOR crypto indicate strength in the price as the 50-day and the 200-day EMAs are trading in a golden cross. The price of the crypto is trading above the EMAs and the price with the metrics of the EMAs is consistently advancing.

The MACD and the signal line have overlap each other and are currently trading above the zero level which indicates buyers dominance. The overall trend of the crypto looks bullish.

The RSI and the 14-day SMA overlap each other while the RSI is trading above the 50-level. This is further followed by a bullish cycle of the RSI.

Summary

ATOR Protocol (ATOR) cryptocurrency, launched in 2023, aims to enhance Tor network adoption. Despite low liquidity and declining trader interest, recent price surge and bullish technical indicators suggest potential for further growth. With EMAs showing strength and MACD highlighting buyer dominance, the overall trend remains bullish for ATOR crypto.

Technical Levels:

  • Support Levels: $0.6700 and $2.2500
  • Resistance Levels: $4.00 and $4.500
Disclaimer

This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.

Ritika Sharma: Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.