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April 03, 2023
Cosmos Atom recovers back to $11.09 after dipping down to $10.79 today, in a session that followed a closing value of $11.13.
- Cosmos Atom is currently trading at $11.09 following the release of ISM Manufacturing PMI (Mar) data from the United States.
- While mostly sideways today, Cosmos Atom is on a 13 day bearish trend during which it lost $2.06.
United States ISM Manufacturing PMI (Mar) came out at 46.3, while a consensus of analysts was expecting 47.5. United States ISM Manufacturing Employment (Mar) released today at 14:00 UTC with a figure of 46.9, while the previous figure was 49.1.
Cosmos USD made an initial breakout above its 10 day Simple Moving Average at $11.17, a potential indicator of a newly emerging bullish phase. Cosmos Atom's upper Bollinger Band® is at $13.16 and the lower is $10.42. After reaching the $10.83 support zone, Cosmos Atom bounced and climbed 26 cents above it. Despite this, Cosmos Atom is currently flirting with an active Fibonacci support level around $10.95.
Despite muted price action in Cosmos Atom, chart analysis indicates it is positioned for a bullish run in the short term.
United States JOLTs Job Openings (Feb) is expected tomorrow at 14:00 UTC.
Dogecoin is up 23.82%. FTX Token is up 9.54%. EOS is trading around $1.18 (down $0.054).
Cosmos Atom has fallen back around 63.92% over the past 11 months, from a notable high of $30.85.
