Biggest Movers: LEO Hits 6-Week High, as NEAR Jumps Higher for Third Straight Session

LEO roseate to a six-week precocious connected Wednesday, arsenic prices rallied for a 5th consecutive session. The determination came arsenic the token raced past a cardinal absorption level, connected its mode to today’s peak. Near protocol was different notable gainer, climbing for a 3rd consecutive day.

UNUS SED LEO (LEO)

Unus Sed Leo (LEO) was 1 of the large movers successful today’s session, arsenic the token roseate for a 5th consecutive day.

Following a debased of $5.33 connected Tuesday, the token raced to an intraday highest of $5.68 earlier successful the day.

The determination saw LEO/USD ascent past its absorption constituent astatine $5.40, connected its mode to its highest constituent since July 10.

As seen from the chart, today’s surge took LEO adjacent to different terms ceiling astatine the $5.70 level, however, bullish momentum faded arsenic the league matured.

Currently, the LEO is trading astatine $5.64, which is marginally beneath earlier highs, and comes arsenic the comparative spot scale (RSI) approaches its ain obstacle.

The scale is tracking astatine 65.10 arsenic of writing, which is adjacent to a ceiling of 66.50. Should we spot this absorption sustained, prices volition apt decline.

Near Protocol (NEAR)

Like LEO, adjacent protocol (NEAR) besides extended caller gains connected Wednesday, arsenic prices moved higher for a 3rd consecutive day.

NEAR/USD surged connected hump-day hitting a precocious of $4.42, which is its strongest constituent since August 25.

This one-week precocious comes arsenic prices broke retired of a $4.00 absorption point, 2 days aft trading astatine the enactment of $3.70.

As of writing, the token is present astatine $4.40, which is implicit 7% higher than yesterday’s low, and comes arsenic the RSI has risen to a two-week highest of 47.50.

Honing successful connected the chart, you tin spot that this upwards momentum has altered the absorption of the 10-day moving mean (red), which is present trending sideways.

Should comparative spot determination beyond an upcoming ceiling astatine 49.00, it is apt we volition spot NEAR deed $4.50.

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Do you expect bullish momentum successful adjacent protocol to proceed this week? Let america cognize your thoughts successful the comments.