Biggest Movers: LEO Rebounds on Wednesday, Whilst AVAX Falls From 3-Week High

Unus sed leo was 1 of a fewer gainers connected Tuesday, arsenic cryptocurrency markets mostly traded lower. Bearish sentiment returned to the planetary crypto marketplace headdress successful today’s session, with prices down by 1.77% arsenic of writing. On the different hand, avalanche was trading lower, arsenic prices retreated from a caller multi-week high.

Unus Sed Leo (LEO)

Unus sed leo (LEO) was 1 of a fewer tokens to ascent higher connected Tuesday, arsenic prices rebounded from caller losses.

Following a debased of $3.78 to commencement the week, LEO/USD rallied to an intraday highest of $3.94 earlier successful the day.

This comes aft bears were incapable to unit a breakout from a cardinal terms level of $3.75 connected Monday.

LEO/USD – Daily Chart

As tin beryllium seen from the chart, the rebound successful terms coincided with the 14-day comparative spot scale (RSI) besides bouncing from a enactment of its own.

The scale roseate from its level astatine the 43.50 people connected Monday, and arsenic of writing, is presently tracking astatine 49.12.

This is the highest constituent that terms spot has deed successful implicit 1 week, pushing it person to a ceiling of 50.00 successful the process.

Avalanche (AVAX)

Avalanche (AVAX), connected the different hand, was 1 of galore cryptocurrencies to determination little during Tuesday’s session.

AVAX/USD dropped to a bottommost of $13.48 earlier successful the day, which comes little than 24 hours aft hitting a highest of $14.31.

Monday’s precocious was the strongest constituent that avalanche had traded astatine since November 10, erstwhile terms was supra $15.00.

AVAX/USD – Daily Chart

Today’s displacement successful sentiment comes contempt the 10-day (red) moving mean maintaining its upward crossover versus the bluish moving mean of 25 days.

Traders volition apt marque different effort to determination beyond the $14.40 constituent successful upcoming days, arsenic sentiment for present remains bullish.

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Do you expect avalanche to deed $15.00 this week? Let america cognize your thoughts successful the comments.

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