Biggest Movers: ATOM up for Fourth Straight Session, While XTZ Rebounds on Saturday Low

Cosmos roseate for a 4th consecutive league to commencement the weekend, arsenic prices edged person to a absorption point. While cosmos (ATOM) extended gains, tezos (XTZ) rebounded pursuing a streak of caller losing sessions, with bulls seemingly buying this weeks’ dip.

Cosmos (ATOM)

Cosmos (ATOM) extended its caller bullish tally connected Saturday, arsenic prices person present risen for 4 consecutive sessions.

The token roseate to an intraday highest of $8.33 to commencement the weekend, arsenic prices person truthful acold accrued by implicit 12% successful today’s session.

This latest determination saw ATOM/USD determination person to its absorption level of $8.90, which seems to beryllium the past remaining hurdle successful the mode of the $10 level.

As of penning this, prices person fallen from earlier highs, with ATOM present trading astatine $8.12, which is inactive 11.75% higher than Friday’s debased astatine $7.29.

Looking astatine this chart, today’s gains began to easiness arsenic the 14-day RSI indicator deed a ceiling astatine 51, and is presently tracking astatine 49.

Following a 4 time triumph streak, bulls look to beryllium securing gains, nevertheless we could spot this tally continue, should comparative spot walk its currency absorption level.

Tezos (XTZ)

On the different broadside of the spectrum, the tezos XTZ token had fallen for 4 consecutive sessions anterior to today’s rally.

Following a debased of $1.34 connected Friday, XTZ/USD roseate to an intraday precocious of $1.45 to commencement the weekend.

This surge successful price, which presently sees XTZ trading astir 8% higher, came arsenic bulls bought the token astatine its caller enactment level adjacent $1.33.

Following a mendacious breakout connected June 19, tezos has managed to commercialized supra this floor, and bulls ensured that was erstwhile again the case, contempt this week’s accrued volatility.

Overall, the token is presently 7% little from the aforesaid constituent past week, nevertheless the 10-day (red) moving average, shows that short-term momentum is inactive somewhat higher.

Should determination beryllium a transverse of the 10-day and 25-day MA’s, not lone could determination beryllium a interruption of the $1.70 resistance, but besides a existent effort from bulls to recapture the $2 mark.

Will wee spot immoderate much gains successful XTZ this weekend? Let america cognize your thoughts successful the comments.