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May 03, 2023
After dropping down to $10.77, Cosmos Atom recovers some losses and is currently trading at $11.11.
- Cosmos Atom is currently trading at $11.11 following the release of FOMC Press Conference data from the United States.
- While flat so far today, Cosmos Atom is on a 6 day bearish trend during which it lost $0.685 of its value.
United States Interest Rate released today at 18:00 UTC with a figure of 5.25, while the previous figure was five. Highly important Crude Oil Inventories data from United States beat analyst expectations of -1.1 million with a reading of -1.28 million.
Cosmos USD made an initial breakout above its 3 day Simple Moving Average at $11.03, a potential indicator of a newly emerging bullish phase. Cosmos Atom's upper Bollinger Band® is at $12.64 and the lower is $10.29. Cosmos Atom is oscillating around the $10.95 level serving as support. On the other hand, note that having stamped out a session range of $10.77 to $11.11, Fibonacci-inclined Cosmos Atom traders were highly concentrated around active Fibonacci support at $10.84.
Despite muted price action in Cosmos Atom, chart analysis indicates it is positioned for a bullish run in the short term.
United States Initial Jobless Claims projected to come out at 240,000 — worse than previous data of 230,000; data will be released tomorrow at 12:30 UTC.
FTX Token soars 9.54% to trade around $1.36. Having closed the previous session at $0.976, MaticNetwork USD is up 3.56% today to currently trade at around $1. After ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43.
On a negative trend for around a month. Cosmos Atom has shed 23.29% over the past three months.
