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June 14, 2023
Currently trading at $8.82, Cosmos Atom remains range-bound between $8.61 and $8.82.
- Cosmos Atom is currently trading at $8.82 following the release of FOMC Press Conference data from the United States.
- Today's gains are adding to Cosmos Atom's a 5 day bullish trend, during which it gained a total of $0.392.
United States Interest Rate released today at 18:00 UTC with a figure of 5.25, while the previous figure was 5.25. Data for United States Crude Oil Inventories published today at 14:30 UTC came out at 7.92 million, beating projections of 1.48 million and showing improvement over the preceding figure of -451,000.
Cosmos USD made an initial breakout above its 5 day Simple Moving Average at $8.69, a potential indicator of a newly emerging bullish phase. Cosmos Atom's lower Bollinger Band® is at $7.95, indicating that the market is oversold and fertile for new buyers. In contrast, Cosmos Atom could be slowing down soon; it is getting close to the resistance line and is now at $8.83, only 1 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.
Overall, looking at the technical analysis landscape, it seems Cosmos Atom might continue pointing upwards in the short term.
United States Retail Sales projected to decline to -0.1% while previous data was 0.4%; data will be released tomorrow at 12:30 UTC. United States Core Retail Sales projected to decline to 0.1% while previous data was 0.4%; data will be released tomorrow at 12:30 UTC.
FTX Token jumps 9.54% to trade around $1.36. Having closed the previous session at $4.28, UNICORN Token USD is up 7.47% today to currently trade at around $4.61. Tezos USD climbs 4.77% to trade around $0.758.
On a negative trend for around 2 months. Cosmos Atom has shed 33.98% over the past three months.
