ATOM Price Losses 20% From The Past One Year, Are ATOM Bulls De

ATOM has a market cap of $3.2 Billion and is ranked 32nd in the cryptoverse. It has observed a gain of 10% in the volume in the last 24 hours. ATOM price is currently training near the value of $8.41% with a drop of over 20% in the last one year period.
ATOM token price is currently moving in a strong consolidation zone on the daily chart. It is trading below the 50 and 200 EMA on the daily chart.
The RSI of ATOM price is currently at 45 with no slope in it hinting its presence in the oversold zone. The overall sentiment of the RSI is neutral in nature.