UNUS SED LEO rose to a one-week excessive on Thursday, as costs rebounded following a three-day shedding streak. One other token which rebounded in right this moment’s session was cosmos, which climbed greater following 5 straight days of declines. General, crypto markets are down 1.09% as of writing.
UNUS SED LEO (LEO)
UNUS SED LEO (LEO) rebounded on Thursday, following three straight days of decrease lows.
Following a backside of $4.73 on Wednesday, LEO/USD rallied to an intraday peak of $5.23 in right this moment’s session.
Nonetheless, Thursday’s rally got here as LEO bulls pushed costs greater, following the sooner breakout of a $4.80 help level.
LEO/USD – Day by day Chart
Immediately’s peak is the strongest level the token has hit in the final week, and comes as a ceiling was damaged throughout the relative energy index (RSI).
As of writing, the 14-day RSI is monitoring at 50.22, following a transfer previous its resistance level of 48.11.
Ought to this momentum proceed all through the week, bulls will possible take a look at exiting round a value level of $5.40 which has traditionally acted as a ceiling.
Cosmos (ATOM)
After 5 straight days of declines, cosmos (ATOM) rose greater on Thursday, because the token additionally rebounded.
ATOM/USD hit a peak of $14.75 in right this moment’s session, as bulls rejected a breakout of a key help level.
Bearish sentiment had threatened ATOM, with costs at $13.30 on Wednesday, nonetheless merchants noticed this as a chance to purchase the dip.
ATOM/USD – Day by day Chart
It was solely final Friday, September 9, that cosmos was buying and selling at a four-month excessive of $17.20, and it seems that some nonetheless consider additional highs are forward.
At the moment value energy stays in-between overbought and oversold, monitoring at some extent of 59.00.
A ceiling is at 61.00, and may this level be damaged, then we’ll possible see extra bulls reenter the market.
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Will cosmos proceed to climb again in the direction of current highs this week? Tell us your ideas in the feedback.
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