| 
May 02, 2023A 5 day downtrend has resulted in the asset losing $0.734. Today is looking a bit better: a mostly flat day so far for Cosmos Atom, ranging between $10.93 and $11.03; currently at $10.96.
United States JOLTs Job Openings (Mar) is next.
This uncertain state for Cosmos Atom is reflected by published market data as United States ISM Manufacturing PMI (Apr) came out at 47.1, while a consensus of analysts was expecting 46.8. United States ISM Manufacturing Prices (Apr) released yesterday at 14:00 UTC with a figure of 53.2, while the previous figure was 49.2. United States ISM Manufacturing Employment (Apr) came out at 50.2, while a consensus of analysts was expecting 47.9.
Cosmos USD is approaching key support, around 30 cents away from $10.66. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls. Cosmos Atom's upper Bollinger Band® is at $12.75 and the lower is $10.26.
Despite muted price action in Cosmos Atom, chart analysis indicates it is positioned for a bullish run in the short term.
While Cosmos Atom is pretty flat so far today, mixed performances are seen elsewhere as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Binance Coin closed at $323.65 (down 1.34%).
Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Crude Oil Inventories is projected to outperform its last figure with -1,000,000. It previously stood at -5 million; data will be released tomorrow at 14:30 UTC. United States Interest Rate figure is projected at 5.25. It previously stood at five; data will be released tomorrow at 18:00 UTC. United States ADP Nonfarm Employment Change (Apr) is expected tomorrow at 12:15 UTC.
Pointing downwards for around a month. Cosmos Atom has shed 26.83% over the past three months.
