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July 03, 2023
Cosmos Atom got off to a strong start by gaining $0.339 (+3.54%), only to run out of steam later in the session around $9.96. Currently, Cosmos Atom is trading around the $9.94 level.
Cosmos Atom is currently trading at $9.94 following the release of ISM Manufacturing PMI (Jun) data from the United States.
At the same time, United States ISM Manufacturing PMI (Jun) came out at 46, while a consensus of analysts was expecting 47.2. United States ISM Manufacturing Employment (Jun) released today at 14:00 UTC with a figure of 48.1, while the previous figure was 51.4. United States ISM Manufacturing Prices (Jun) came out at 41.8, while a consensus of analysts was expecting 44.
Cosmos USD broke through the $9.67 resistance, climbing 27 cents above it. Cosmos Atom made an initial breakout above its 50 day Simple Moving Average at $9.77, a potential indicator of a newly emerging bullish phase. Cosmos Atom is currently trading around the $9.91 Fibonacci resistance level. Cosmos Atom has crossed the upper Bollinger Band® at $9.87, a potential sign that further gains are to follow.
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 leaps up 9.54% to trade around $1.36.
At the same time, Litecoin dips 5.61% to trade around $106.73. Bitcoin Cash closed at $286.85 (down 3.96%).
Trading mostly sideways for 3 months. 9 months ago Cosmos Atom reached a significant high of $16.6 but has consequently lost 42.18% since then.
