Price discovery happening for ATOM? 5% pump to 10% dump week

Price discovery happening for ATOM? 5% pump to 10% dump week
Cosmos / Bitcoin BINANCE:ATOMBTC
mrmw

• ATOM was a $0.10 IEO listed at $5+ due to Binance's market making with IEO funds
  
• No level of market making can sustain that price. Dumped all the way down to $1.80 (0.00018 BTC ).
  
• No bottom was visible. Price strongly and suddenly bounced at 0.00018 BTC and went up 80% in one month.

After another +5% or so ATOM will hit the first strong resistance. It should correct downwards to the first support at 0.000306 btc .

The support isn't very strong, so if it hits it we can assume a further downwards correction is possible.