Mixed sentiment leads Cosmos Atom cryptocurrency to trade sideways; establishes tight $10.53 to $10.67 range

Cosmos Atom trades at $10.58 after gaining $0.038 (0.36%).

Cosmos USD is approaching key support, around 11 cents away from $10.48. 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. Cosmos Atom made an initial breakout above its 10 day Simple Moving Average at $10.55, a potential indicator of a newly emerging bullish phase. On the other hand, note that Cosmos Atom's upper Bollinger Band® is at $11.15, suggesting that a downward move may follow.

Although price action remains in a stalemate, technical analysis suggests Cosmos Atom could be primed for a break to the upside.

While Cosmos Atom is pretty flat so far today, mixed performances are seen elsewhere as FTX Token leaps up 9.54% to trade around $1.36. EOS is up 2.86%. Bitcoin gained 1.28% and is now trading at $27,200.

Trading mostly sideways for 2 months. Cosmos Atom has shed 17.3% over the past three months.