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June 17, 2023Cosmos Atom trades at $8.94 after gaining $0.191 (2.18%).
Meanwhile, United States CFTC Nasdaq 100 speculative net positions released yesterday at 20:30 UTC with a figure of 15,700, while the previous figure was 8,800. United States CFTC S&P 500 speculative net positions released yesterday at 20:30 UTC with a figure of -331,400, while the previous figure was -344,500. Fresh CFTC Crude Oil speculative net positions data from United States came out at 155,100.
Cosmos USD made an initial breakout above its 10 day Simple Moving Average at $8.74, a potential indicator of a newly emerging bullish phase. On the other hand, note that Cosmos Atom price action is currently oscillating around the $8.94 resistance level with prices moving above and below several times during the session.
Overall, looking at the technical analysis landscape, it seems Cosmos Atom might continue pointing upwards in the short term.
Cosmos Atom shows positive signs, other assets are also on par: FTX Token is up 9.54%. Having closed the previous session at $238.82, Binance Coin is up 2.49% today to currently trade at around $244.76. MaticNetwork USD gained 4.49% and is currently trading at $0.616.
Pointing downwards for around 2 months. Cosmos Atom is now trading 33.46% below its 3-month high of $16.6.
