LEO Hits 1-Week High, ATOM Rebounds From Recent Lows – Market Updates Bitcoin News
UNUS SED LEO rose to a one-week high on Thursday, as prices rebounded from a three-day losing streak. Another symbol that made a comeback in today’s session was the cosmos, which climbed higher after five consecutive days of decline. Overall, the crypto markets are down 1.09% at the time of writing.
UNUS SED LEO (LEO)
UNUS SED LEO (LEO) rebounded on Thursday, after three consecutive days of lower lows.
After a low of $4.73 on Wednesday, LEO/USD rose to an intraday high of $5.23 in today’s session.
However, Thursday’s rally came as LEO bulls pushed prices higher, following the earlier breakout of a $4.80 support point.
Today’s top is the strongest point the token has hit in the past week, and comes as a ceiling was breached within the Relative Strength Index (RSI).
At the time of writing, the 14-day RSI is at 50.22, following a move past the resistance point at 48.11.
Should this momentum continue through the week, bulls will likely look to close around a $5.40 price point that has historically served as a ceiling.
Cosmos (ATOM)
After five consecutive days of decline, cosmos (ATOM) edged higher on Thursday as the token also rebounded.
ATOM/USD hit a high of $14.75 in today’s session as bulls rejected a breakout of a key support point.
Bearish sentiment had threatened ATOM, with prices at $13.30 on Wednesday, but traders saw this as an opportunity to buy the dip.
It was only last Friday, September 9 that the cosmos traded to a four-month high of $17.20, and it seems that some still believe that further highs are in store.
The price strength currently remains between overbought and oversold, and is traced at a point of 59.00.
A ceiling is at 61.00, and should this point be breached, we will likely see more bulls re-enter the market.
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Will the cosmos continue to climb back toward recent highs this week? Let us know your thoughts in the comments.
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