Cosmos rose for a fourth consecutive session to start out the weekend, as costs edged nearer to a resistance level. Whereas cosmos (ATOM) prolonged positive factors, tezos (XTZ) rebounded following a streak of current dropping classes, with bulls seemingly shopping for this weeks’ dip.
Cosmos (ATOM)
Cosmos (ATOM) prolonged its current bullish run on Saturday, as costs have now risen for 4 consecutive classes.
The token rose to an intraday peak of $8.33 to start out the weekend, as costs have to this point elevated by over 12% in as we speak’s session.
This newest transfer noticed ATOM/USD transfer nearer to its resistance stage of $8.90, which appears to be the final remaining hurdle in the best way of the $10 stage.
ATOM/USD – Each day Chart
As of penning this, costs have fallen from earlier highs, with ATOM now buying and selling at $8.12, which continues to be 11.75% larger than Friday’s low at $7.29.
this chart, as we speak’s positive factors started to ease because the 14-day RSI indicator hit a ceiling at 51, and is at present monitoring at 49.
Following a 4 day win streak, bulls appear to be securing positive factors, nevertheless we might see this run proceed, ought to relative energy cross its forex resistance stage.
Tezos (XTZ)
On the opposite facet of the spectrum, the tezos XTZ token had fallen for 4 consecutive classes previous to as we speak’s rally.
Following a low of $1.34 on Friday, XTZ/USD rose to an intraday excessive of $1.45 to start out the weekend.
This surge in value, which at present sees XTZ buying and selling almost 8% larger, got here as bulls purchased the token at its current assist stage close to $1.33.
XTZ/USD – Each day Chart
Following a false breakout on June 19, tezos has managed to commerce above this ground, and bulls ensured that was as soon as once more the case, regardless of this week’s elevated volatility.
Total, the token is at present 7% decrease from the identical level final week, nevertheless the 10-day (purple) transferring common, exhibits that short-term momentum continues to be considerably larger.
Ought to there be a cross of the 10-day and 25-day MA’s, not solely might there be a break of the $1.70 resistance, but in addition a real try from bulls to recapture the $2 mark.
Will wee see any extra positive factors in XTZ this weekend? Tell us your ideas in the feedback.
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