A slow down? After three days of going up, Cosmos Atom is flat today, hovering around $10.76.

Without a clear-cut direction, Cosmos Atom is trading around $10.76 and ranging between $10.67 and $10.76.

Cosmos USD's upper Bollinger Band® is at $10.95, suggesting that a downward move may follow. On the other hand, note that Cosmos Atom is approaching key support, around 18 cents away from $10.58. 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.

While Cosmos Atom is pretty flat so far today, mixed performances are seen elsewhere as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. EOS ascends 0.98% to trade around $0.921. UNICORN Token USD is up 1.62%.

Moreover, United States Services PMI is expected tomorrow at 13:45 UTC. United States ISM Non-Manufacturing PMI (May) will be released tomorrow at 14:00 UTC.

Trading mostly sideways for 2 months. Having set a significant high of $16.6 8 months ago, Cosmos Atom is trading 35.55% lower.