Cosmos Atom has rallied $0.125, or 1.23%, to now stand at $10.33.
United States ADP Nonfarm Employment Change (Nov) is next today at 13:15 UTC.
This move comes while some more positive signs for Cosmos Atom are out as highly important Consumer Confidence data from United States beat analyst expectations of 100 with a reading of 100.2.
Meanwhile, United States API Weekly Crude Oil Stock came out at -7.85 million, while a consensus of analysts was expecting -2.49 million. United States S&P/CS HPI Composite – 20 n.s.a. (YoY) (Sep) released yesterday at 14:00 UTC with a figure of 10.4, while the previous figure was 13.1.
Support/Resistance levels obtained from chart analysis indicate that Cosmos USD broke through the $10.26 resistance, climbing 7 cents above it. Trend analysis indicates that Cosmos Atom made an initial breakout above its 21 day Simple Moving Average at $10.26, a potential indicator of a newly emerging bullish phase. According to asset volatility analysis, Cosmos Atom's upper Bollinger Band® is at $11.16, this is a slight indication of a slowdown.
Overall, while Cosmos Atom has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Cosmos Atom shows positive signs, other assets are also on par: having closed the previous session at $1,217.81, Ethereum is up 4.21% today to currently trade at around $1,269. Having closed the previous session at $0.1, Dogecoin is up 4.07% today to currently trade at around $0.106. Bitcoin moves up 2.51% to trade around $16,868.
Moreover, macro data could boost sentiment further as United States Pending Home Sales is projected to outperform its last figure with -5%. It previously stood at -10.2%; data will be released today at 15:00 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -2.76 million, having previously been at -3.69 million. The figure will be published today at 15:30 UTC.
Also worthy of note, United States Core PCE Price Index (MoM) (Oct) scheduled to come out tomorrow at 13:30 UTC.
Approximately 10 months ago, Cosmos Atom reached a significant high of $43.67 but has struggled to hold onto its gains and declined 76.64% since then.