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March 10, 2023
After dropping down to $10.35, Cosmos Atom recovers some losses and is currently trading at $11.07.
- United States's Non Farm Payrolls new data released of 311,000 below its previous figure.
- While mostly sideways today, Cosmos Atom is on a 20 day bearish trend during which it lost $3.57.
United States Non Farm Payrolls released today at 13:30 UTC is better than expected at 311,000 but down from preceding data of 504,000 according to new data. Unemployment Rate in United States fell short of market expectations (3.4) with a reading of 3.6, continuing the decline from the previous figure of 3.4.
After reaching the $10.53 support zone, Cosmos USD bounced and climbed 53 cents above it. Cosmos Atom made an initial breakout above its 5 day Simple Moving Average at $11.27, a potential indicator of a newly emerging bullish phase. Cosmos Atom's upper Bollinger Band® is at $14.5 and the lower is $10.41.
Overall, looking at the technical analysis landscape, it seems Cosmos Atom might be pointing upward in the short term.
Litecoin closed at $71.13 (down 7.35%). Having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. After ending today's session at $0.059, TRON lost $0.002 and is trading around $0.057.
Trending downwards for around 30 days. Having set a significant high of $31.97 11 months ago, Cosmos Atom is trading 65.54% lower.
