| 
June 21, 2023
After closing the previous trading day at $8.77, Cosmos Atom rose as high as $9 today before paring back gains and trading at $8.85.
- Cosmos Atom is currently trading at $8.85 following the release of Fed Chair Powell testimony data from the United States.
- Today's gains follow 12 days of flat trade
United States Building Permits (May) released yesterday at 12:30 UTC with a figure of 1.49 million, while the previous figure was 1.15 million. United States Housing Starts beat analyst expectations of -0.8% and the previous reading of -2.9% with new data of 21.7%.
Cosmos Atom chart analysis: Cosmos USD broke through the $8.84 resistance and climbed 2 cents above it.
United States Crude Oil Inventories projected to decline to 1.87 million while previous data was 7.92 million; data will be released tomorrow at 15:00 UTC. United States Initial Jobless Claims is projected to outperform its last figure with 260,000. It previously stood at 262,000; data will be released tomorrow at 12:30 UTC.
Bitcoin Cash is up 19.03%. FTX Token is up 9.54%. Litecoin climbs 4.92% to trade around $84.22.
Trending downwards for around 3 months. Cosmos Atom has shed 27% over the past three months.
