LEO Hits 1-Week High, ATOM Rebounds From Recent Declines – Market Updates Bitcoin News

UNUS SED LEO rose to a one-week excessive on Thursday, as costs rebounded following a three-day shedding streak. Another token which rebounded in at the moment’s session was cosmos, which climbed increased following 5 straight days of declines. Overall, crypto markets are down 1.09% as of writing.


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 at the moment’s session.

However, Thursday’s rally got here as LEO bulls pushed costs increased, following the sooner breakout of a $4.80 help level.

Biggest Movers: LEO Hits 1-Week High, ATOM Rebounds From Recent Declines
LEO/USD – Daily Chart

Today’s peak is the strongest level the token has hit within 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.

Should this momentum proceed all through the week, bulls will probably have 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 increased on Thursday, because the token additionally rebounded.

ATOM/USD hit a peak of $14.75 in at the 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, nevertheless merchants noticed this as a chance to purchase the dip.

Biggest Movers: LEO Hits 1-Week High, ATOM Rebounds From Recent Declines
ATOM/USD – Daily 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.

Currently value energy stays in-between overbought and oversold, monitoring at a degree of 59.00.

A ceiling is at 61.00, and will this level be damaged, then we’ll probably see extra bulls reenter the market.

Register your e-mail right here to get weekly value evaluation updates despatched to your inbox:

Will cosmos proceed to climb again in the direction of current highs this week? Let us know your ideas within the feedback.

Eliman Dambell

Eliman brings an eclectic viewpoint to market evaluation, he was beforehand a brokerage director and retail buying and selling educator. Currently, he acts as a commentator throughout numerous asset courses, together with Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational functions solely. It shouldn’t be a direct provide or solicitation of a proposal to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, straight or not directly, for any harm or loss brought about or alleged to be attributable to or in reference to using or reliance on any content material, items or companies talked about on this article.

Leave a Comment

Your email address will not be published. Required fields are marked *