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June 30, 2023Cosmos Atom has rallied $0.092, or 1.02%, to now stand at $9.07.
- Cosmos Atom is currently trading at $9.07 following the release of Core PCE Price Index (YoY) (May) data from the United States.
- Today's gains follow 21 days of flat trade
United States Core PCE Price Index (YoY) (May) released today at 12:30 UTC with a figure of 4.6, while the previous figure was 4.7. United States Core PCE Price Index (MoM) (May) came out at 0.3, while a consensus of analysts was expecting 0.3.
Despite posting gains so far today, Cosmos USD slid below its 21 day Simple Moving Average at $8.91 in earlier trade — an early indicator that a negative trend could be emerging. Cosmos Atom's upper Bollinger Band® is at $9.55, this is a slight indication of a slowdown. Cosmos Atom reversed direction at $9.32 resistance zone and retreated back 25 cents below it. On the other hand, note that Cosmos Atom formed a session range of $8.86 to $9.43 leaving buyers and sellers highly concentrated around an active Fibonacci resistance level of $9.36.
Examining the technical analysis landscape, Cosmos Atom is likely to reverse course and start pointing downward in the short term.
Bitcoin Cash gained 16.17% and is currently trading at $295.14. Having closed the previous session at $84.75, Litecoin is up 15.09% today to currently trade at around $97.53. Having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.
On a negative trend for around 3 months. Cosmos Atom has fallen back around 45.93% over the past 9 months, from a notable high of $16.6.
