After dipping down to $11.35, Cosmos Atom regains earlier losses and goes up to $12.03.
- Cosmos Atom is currently trading at $12.03 following the release of U.S. President Biden speech data from the United States.
- Cosmos Atom has gained $0.868 over the past 6 days, and today's session seems to be adding to the current uptrend.
United States Participation Rate (Feb) released today at 13:30 UTC with a figure of 118.3, while the previous figure was 62.4.
Cosmos USD made an initial breakout above its 200 day Simple Moving Average at $12.09, a potential indicator of a newly emerging bullish phase. Despite this, Cosmos Atom could be slowing down soon as it approaches resistance at $12.39. Of course, crossing it might suggest further gains are ahead.
Overall, looking at the technical analysis landscape, it seems Cosmos Atom might continue pointing upwards in the short term.
United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Consumer Price Index is expected tomorrow at 12:30 UTC.
Bitcoin gained 8.77% and is currently trading at $24,123. Having closed the previous session at $290.52, Binance Coin is up 6.74% today to currently trade at around $310.11. 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 a month. Having set a significant high of $31.97 11 months ago, Cosmos Atom is trading 63.04% lower.