Late into the session, Cosmos Atom loses $0.222 (2.09%), currently trading at $10.38.

Cosmos Atom is currently trading at $10.38 following the release of EIA Short-Term Energy Outlook data from the United States.

Meanwhile, United States API Weekly Crude Oil Stock came out at 3.62 million, while a consensus of analysts was expecting -1.6 million. United States 3-Year Note Auction released today at 17:00 UTC with a figure of 3.695, while the previous figure was 3.81.

Following today's trading session, chart analysis suggests Cosmos USD could begin to recover as it approaches significant support, now 17 cents away from $10.21. Dipping below could be an indication that further losses are ahead. Trend analysis indicates that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Analysis based on the asset volatility indicates that Cosmos Atom's lower Bollinger Band® is at $10.22, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.

Overall, the technical outlook suggests Cosmos Atom is likely to remain muted for the immediate future, with no clear-cut direction.

Other assets are showing positive performances as Bitcoin Cash gained 9.31% and is now trading at $121.59. FTX Token jumps 9.54% to trade around $1.36. Litecoin goes up 2.63% to trade around $79.87.

Some optimism can drawn from the fact that United States Crude Oil Inventories is projected to outperform its last figure with -917,000. It previously stood at -1.28 million; data will be released tomorrow at 14:30 UTC.

Furthermore, United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Core Consumer Prices is expected tomorrow at 12:30 UTC.

Trending downwards for around a month. Cosmos Atom has shed 23.09% over the past three months.