Cosmos Atom still looks indecisive as it trades even at $9

It's been more of the same this session on the back of 14 days of flat trade, Today's session so far looks to be heading in a similar way — without a clear-cut direction, Cosmos Atom is trading around $9 and ranging between $9 and $9.08.

Uncertainty around Cosmos Atom is reflected by published market data as highly important Crude Oil Inventories data from United States beat analyst expectations of 1.87 million with a reading of -3.83 million. United States Existing Home Sales (May) released yesterday at 14:00 UTC with a figure of 4.3 million, while the previous figure was 4.29 million. New United States Initial Jobless Claims data fell short of the 260,000 projected by analysts with a reading of 264,000 while failing to improve upon the previous reading from last month (264,000).

As the day gets underway, chart analysis suggests Cosmos USD is approaching key support, around 2 cents away from $9. 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.

While Cosmos Atom is pretty flat so far today, mixed performances are seen elsewhere as FTX Token soars 9.54% to trade around $1.36. Bitcoin Cash is up 2.66%.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Services PMI is expected today at 13:45 UTC.

Trending downwards for around 3 months. Cosmos Atom is now trading 22.08% below its 3-month high of $16.6.