ATOM is one of the few alts that's actually holding up today. This might indicate that we have some first-movers in the alts that are setting up for a short-term rally.
Depending on the FED news tonight, we might see another short-term bounce for crypto. For now be cautious and wait for the news.
In case the news is not worse than expected (which is considered good in these times), I'm looking for a move towards $8.5 and potentially $10.