Cosmos Atom lost $0 today, after ending today at $10. It is currently trading below the 10 level for the first time in 4 months.

United States EIA Short-Term Energy Outlook is next today at 16:00 UTC.

This uncertain state for Cosmos Atom is reflected by published market data as United States ISM Non-Manufacturing PMI (May) came out at 50.3, while a consensus of analysts was expecting 51.8. United States Services PMI released yesterday at 13:45 UTC with a figure of 54.9, while the previous figure was 53.6. United States Factory Orders published yesterday at 14:00 UTC came out at 0.4%, falling short of the 1.1% projections and continuing its decline from the previous 0.6% figure.

Trend-following investors would be interested to note that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. According to asset volatility analysis, Cosmos Atom's upper Bollinger Band® is at $11 and the lower is $10. Technical chart analysis shows Cosmos Atom is approaching key support, around 30 cents away from $9.7. 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.

With market volatility ebbing, the current technical outlook indicates Cosmos Atom will remain range-bound for the immediate future.

Meanwhile, 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. After ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43. TRON gained 0.78% and is now trading at $0.079.

Furthermore, the market is looking at tomorrow at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to 1.15 million from the preceding figure of 4.49 million. United States EIA Short-Term Energy Outlook is scheduled for today at 16:00 UTC.

Pointing downwards for around 2 months. 8 months ago Cosmos Atom reached a significant high of $16.6 but has consequently lost 39.69% since then.