After three days of persistent declines, Cosmos Atom stabilises around $11.1

Although Cosmos Atom ended today strong and rose from $11.05 to $11.19, it dropped back today and is now priced at $11.1.

Cosmos Atom's state is reflected by market data as data for United States Unemployment Rate published yesterday at 12:30 UTC came out at 3.5, beating projections of 3.6 and showing improvement over the preceding figure of 3.6. Highly important Non Farm Payrolls data from United States beat analyst expectations of 239,000 with a reading of 236,000. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 226,100, while the previous figure was 181,100.

A study of Cosmos Atom's chart reveals various key levels to watch: Cosmos USD reversed direction at $10.86 support zone and climbed 23 cents above it. Trend-following investors would be interested to note that Cosmos Atom made an initial breakout above its 3 day Simple Moving Average at $11.14, a potential indicator of a newly emerging bullish phase. Cosmos Atom is currently flirting with an active Fibonacci support level around $10.95. Asset volatility analysis shows that Cosmos Atom's upper Bollinger Band® is at $11.76, suggesting that a downward move may follow.

Overall, the technical outlook suggests Cosmos Atom is likely to remain muted for the immediate future, with no clear-cut direction.

At the same time, mixed performances are seen elsewhere as FTX Token gained 9.54% and is now trading at $1.36. EOS gained 1.2% and is currently trading at $1.23. UNICORN Token USD is up 1.62%.

11 months ago Cosmos Atom reached a significant high of $27.3 but has consequently lost 59.54% since then.