Biggest Movers: LEO Hits 1-Week High, ATOM Rebounds From Recent Declines

UNUS SED LEO roseate to a one-week precocious connected Thursday, arsenic prices rebounded pursuing a three-day losing streak. Another token which rebounded successful today’s league was cosmos, which climbed higher pursuing 5 consecutive days of declines. Overall, crypto markets are down 1.09% arsenic of writing.

UNUS SED LEO (LEO)

UNUS SED LEO (LEO) rebounded connected Thursday, pursuing 3 consecutive days of little lows.

Following a bottommost of $4.73 connected Wednesday, LEO/USD rallied to an intraday highest of $5.23 successful today’s session.

However, Thursday’s rally came arsenic LEO bulls pushed prices higher, pursuing the earlier breakout of a $4.80 enactment point.

Today’s highest is the strongest constituent the token has deed successful the past week, and comes arsenic a ceiling was breached wrong the comparative spot scale (RSI).

As of writing, the 14-day RSI is tracking astatine 50.22, pursuing a determination past its absorption constituent of 48.11.

Should this momentum proceed passim the week, bulls volition apt look astatine exiting astir a terms constituent of $5.40 which has historically acted arsenic a ceiling.

Cosmos (ATOM)

After 5 consecutive days of declines, cosmos (ATOM) roseate higher connected Thursday, arsenic the token besides rebounded.

ATOM/USD deed a highest of $14.75 successful today’s session, arsenic bulls rejected a breakout of a cardinal enactment point.

Bearish sentiment had threatened ATOM, with prices astatine $13.30 connected Wednesday, nevertheless traders saw this arsenic an accidental to bargain the dip.

It was lone past Friday, September 9, that cosmos was trading astatine a four-month precocious of $17.20, and it appears that immoderate inactive judge further highs are ahead.

Currently terms spot remains in-between overbought and oversold, tracking astatine a constituent of 59.00.

A ceiling is astatine 61.00, and should this constituent beryllium broken, past we volition apt spot much bulls reenter the market.

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Will cosmos proceed to ascent backmost towards caller highs this week? Let america cognize your thoughts successful the comments.