| 
April 22, 2023Cosmos Atom is on a 7 day downtrend Today is looking a bit better: without a clear-cut direction, Cosmos Atom is trading around $10.86 and ranging between $10.71 and $10.93.
Uncertainty around Cosmos Atom is reflected by published market data as United States Services PMI released yesterday at 13:45 UTC with a figure of 53.7, while the previous figure was 52.6. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 244,600, while the previous figure was 235,600. Fresh CFTC Gold speculative net positions data from United States came out at 189,900.
Cosmos USD is approaching key support, around 38 cents away from $10.48. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls. Cosmos Atom made an initial breakout above its 3 day Simple Moving Average at $10.95, a potential indicator of a newly emerging bullish phase. Cosmos Atom's upper Bollinger Band® is at $12.73 and the lower is $10.32.
Despite muted price action in Cosmos Atom, chart analysis indicates it is positioned for a bullish run in the short term.
While Cosmos Atom is pretty flat so far today, mixed performances are seen elsewhere as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Ripple is up 2.41% to $0.461.
Pointing downwards for around a month. Cosmos Atom is now trading 53.49% below the significant high of $23.21 it set around 11 months ago.
