A slow down? After three days of going up, Cosmos Atom is flat today, hovering around $11.65.

Without a clear-cut direction, Cosmos Atom is trading around $11.65 and ranging between $11.6 and $11.81.

Cosmos Atom's state is reflected by market data as United States Core PCE Price Index (MoM) (Mar) came out at 0.3, while a consensus of analysts was expecting 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 236,400, while the previous figure was 244,600. Fresh CFTC Gold speculative net positions data from United States came out at 185,300.

Cosmos USD made an initial break below its 200 day Simple Moving Average at $11.66, a possible indication of a forthcoming negative trend. Cosmos Atom's upper Bollinger Band® is at $12.75, suggesting that a downward move may follow. In contrast, Cosmos Atom is approaching key support, around 21 cents away from $11.44. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

Despite the market lacking direction, technical chart analysis strongly suggests Cosmos Atom is positioned for a downward move in the near term.

At the same time, mixed performances are seen elsewhere as FTX Token rallies 9.54% to trade around $1.36. TRON is up 0.81%. Chainlink USD is up 1.52%.

Trading mostly sideways for a month. Cosmos Atom is now trading 41.1% below the significant high of $19.92 it set around 11 months ago.