The price filled fully a monthly and a weekly gap. After that, it got rejected. The price left equal lows and tons of liquidity below. We are still in a bear market + BTC is looking weak. Atom is inflationary token, right now staking rewards are high, that means tokens are not staked. Hence, we witnessed a speculative growth from market manipulators to trigger sell stops and trap bulls. On ATOMBTC chart we can see that the price rose up to the bearish OB and got rejected.