After five days of declines, Cosmos Atom is up $0.445 today

Cosmos Atom has rallied $0.445, or 3.62%, to now stand at $12.73.

United States's Crude Oil Inventories new data released of 1.17 million below its previous figure.

Cosmos Atom upside coincides with further encouraging market factors as highly important Crude Oil Inventories data from United States beat analyst expectations of 457,000 with a reading of 1.17 million.

Nevertheless, highly important Consumer Confidence data from United States beat analyst expectations of 108.5 with a reading of 102.9.

At the same time, United States ISM Manufacturing PMI (Feb) came out at 47.7, while a consensus of analysts was expecting 48.

Cosmos USD made an initial breakout above its 5 day Simple Moving Average at $12.8, a potential indicator of a newly emerging bullish phase. Crossed the $12.45 Fibonacci level, next level is at $13.05. Cosmos Atom's lower Bollinger Band® is at $12.33, indicating that the market is oversold and fertile for new buyers. On the other hand, note that Cosmos Atom broke through the $12.63 resistance and climbed 10 cents above it.

Cosmos Atom continues to move higher with technical analysis indicating the trend will continue in the short term.

Cosmos Atom shows positive signs, other assets are also on par: FTX Token is up 9.54%. Having closed the previous session at $1.15, EOS is up 3.85% today to currently trade at around $1.19. Litecoin gained 3.73% and is currently trading at $97.48.

Also worthy of note, United States Initial Jobless Claims projected to come out at 195,000 — worse than previous data of 192,000; data will be released tomorrow at 13:30 UTC.

Registering some good gains for about 2 months now. Approximately 11 months ago, Cosmos Atom reached a significant high of $34.03 but has struggled to hold onto its gains and declined 63.9% since then.