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March 13, 2023
Cosmos Atom goes up to $12.03, having dipped down to $11.35 earlier.
Cosmos Atom is currently trading at $12.03 following the release of U.S. President Biden speech data from the United States.
Meanwhile, United States Participation Rate (Feb) released today at 13:30 UTC with a figure of 118.3, while the previous figure was 62.4.
Cosmos USD made an initial breakout above its 200 day Simple Moving Average at $12.09, a potential indicator of a newly emerging bullish phase. Despite this, Cosmos Atom could be slowing down soon; it is getting close to the resistance line and is now at $12.39, only 36 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.
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: having closed the previous session at $22,179, Bitcoin is up 9.25% today to currently trade at around $24,230. Binance Coin gained 6.21% and is currently trading at $308.55. Having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.
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 6%. It previously stood at 6.4%; data will be released tomorrow at 12:30 UTC. United States Core Consumer Prices is expected tomorrow at 12:30 UTC.
On a negative trend for around a month. Having soared to a high of $31.97 approximately 11 months ago, Cosmos Atom is now trading 63.04% lower.
