The 4-hour chart for Automata (ATA/USDT) shows a price attempting to stabilize after a recent drop. The current price is around $0.2453, with a strong resistance level (R1) indicated by the downward trendline. There’s a support level (S1) at $0.1224, which seems to have held through recent tests. A secondary support level (S2) is not clearly marked on this chart.
The RSI is slightly above the midpoint at 61.97, indicating a bit of bullish momentum in the short term. However, the MACD is quite close to the signal line, suggesting that there isn’t a strong momentum in either direction.
Traders might watch for potential bullish signs, such as a break above the trendline resistance R1, which could open the way for a move towards the previous high around $0.2994. Alternatively, a failure to break the resistance could lead to a retest of the S1 level. It would be wise to consider volume as a confirmation for any potential breakout or breakdown.
The RSI is slightly above the midpoint at 61.97, indicating a bit of bullish momentum in the short term. However, the MACD is quite close to the signal line, suggesting that there isn’t a strong momentum in either direction.
Traders might watch for potential bullish signs, such as a break above the trendline resistance R1, which could open the way for a move towards the previous high around $0.2994. Alternatively, a failure to break the resistance could lead to a retest of the S1 level. It would be wise to consider volume as a confirmation for any potential breakout or breakdown.