ATOM price is reaching for the Cosmos, but why?
Cointelegraph
Published Aug 25, 2022 05:51PM ET
Updated Aug 26, 2022 08:00PM ET
As a market crash takes place, assets become oversold and typically there’s an “oversold bounce,” “return to mean,” “mean reversion,” or some price snapback to the bottom of the pre-crash range.
Afterward, the asset under study either consolidates, continues the downtrend, or returns to the bullish uptrend if the downside catalyst was not significant enough to break the market structure. That’s all basic trading 101.
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Written By: Cointelegraph
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