After three days of declines, Cosmos Atom is up $0.302 today

Cosmos Atom trades at $10.63 after gaining $0.302 (2.93%).

United States Average Hourly Earnings data will be released today at 12:30 UTC, with an expected decline to 0.4%.

Cosmos Atom upside coincides with further encouraging market factors as highly important Crude Oil Inventories data from United States beat analyst expectations of -1.10 million with a reading of 4.49 million. Highly important Initial Jobless Claims data from United States beat analyst expectations of 235,000 with a reading of 232,000.

At the same time, United States ISM Manufacturing PMI (May) released yesterday at 14:00 UTC with a figure of 46.9, while the previous figure was 47.1.

Trend-focused traders would be interested to note that Cosmos USD made an initial breakout above its 10 day Simple Moving Average at $10.57, a potential indicator of a newly emerging bullish phase. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $11, thereby suggesting that Cosmos Atom is becoming overvalued. Support/Resistance levels obtained from chart analysis indicate that Cosmos Atom broke through the $10.49 resistance and climbed above it 14 cents; next resistance level is at $10.61.

All in all, the technical analysis suggests Cosmos Atom has no clear-cut direction.

Cosmos Atom shows positive signs, other assets are also on par: FTX Token is up 9.54%. Having closed the previous session at $0.075, TRON is up 2.11% today to currently trade at around $0.076. EOS is up 2.51%.

Furthermore, the market is looking at United States Non Farm Payrolls projected to decline to 180,000 while previous data was 253,000; data will be released today at 12:30 UTC. Today at 12:30 UTC data for United States Average Hourly Earnings will be released, with an expected decline to 0.4% from the preceding figure of 0.5%. Today at 12:30 UTC data for United States Unemployment Rate will be released, with an expected decline to 3.5 from the preceding figure of 3.4.

Trading mostly sideways for 2 months. Cosmos Atom has shed 18.08% over the past three months.