| 
June 12, 2023
Tentatively higher from an earlier low of $8.31, Cosmos Atom is up to $8.79 today, adding $0.344, or 4.07%, to today's closing price of $8.44.
At the same time, United States Federal Budget Balance (May) came out at -240 billion, while a consensus of analysts was expecting -236 billion. United States 10-Year Note Auction released today at 17:00 UTC with a figure of 3.791, while the previous figure was 3.448. United States 3-Year Note Auction came out at 4.202.
Cosmos USD made an initial breakout above its 5 day Simple Moving Average at $8.74, a potential indicator of a newly emerging bullish phase. Cosmos Atom's lower Bollinger Band® is at $8.19, indicating that the market is oversold and fertile for new buyers. Cosmos Atom broke through the $8.54 resistance and climbed above it 25 cents; next resistance level is at $8.66.
Overall, looking at the technical analysis landscape, it seems Cosmos Atom likely to continue pointing upward in the short term.
Cosmos Atom shows positive signs, other assets are also on par: having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. UNICORN Token USD is up 4.45%.
Meanwhile, Binance Coin slumps 2.53% to trade around $229.31.
Furthermore, the market is looking at United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Consumer Price Index figure is projected at 4.1%. It previously stood at 4.9%; data will be released tomorrow at 12:30 UTC. United States Core Consumer Prices figure is projected at 0.4%. It previously stood at 0.4%; data will be released tomorrow at 12:30 UTC.
Pointing downwards for around 2 months. Cosmos Atom is now trading 28.47% below its 3-month high of $16.6.
