Cosmos Atom cryptocurrency trades up $0.279, approximately 2.24% higher going into tomorrow

After closing the previous trading day at $12.45, Cosmos Atom is up to $12.73, which makes for a move of 2.24%/$0.279 today.

Cosmos Atom is currently trading at $12.73 following the release of Building Permits (Feb) data from the United States.

Bollinger Band® analysis indicates that current price action is approaching the upper band at $13.61, thereby suggesting that Cosmos USD is becoming overvalued.

After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest Cosmos Atom is set for a reversal in the coming days.

Other markets are also showing gains as Binance Coin is up 7.05% to $329.26. FTX Token gained 9.54% and is now trading at $1.36. EOS rises 3.76% to trade around $1.08.

Trending downwards for around a month. Approximately 11 months ago, Cosmos Atom reached a significant high of $31.97 but has struggled to hold onto its gains and declined 61.06% since then.