UNUS SED LEO climbed to a one week high on Thursday after prices recovered following a three day losing streak. Another token which rebounded in today’s session was cosmos, which climbed higher following five straight days of declines. Crypto markets have dropped 1.09% overall as of today’s writing.
UNUS SEED LEO (LEO)
After three days of lows, UNUS SED LEO LEO (LEO), rebounded Thursday
Following a bottom of $4.73 on Wednesday, LEO/USD rallied to an intraday peak of $5.23 in today’s session.
However, Thursday’s rally came as LEO bulls pushed prices higher, following the earlier breakout of a $4.80 support point.
Today’s peak is the strongest point the token has hit in the last week, and comes as a ceiling was broken within the relative strength index (RSI).
The 14-day RSI was at 50.22 as of this writing. This is following a rise past the resistance level of 48.11.
If this momentum continues throughout the week bulls might consider exiting near $5.40. This price level has traditionally been considered a ceiling.
Cosmos (ATOM)
Five days of declining cosmos (ATOM), ended on Thursday. The token, however, also rose, indicating that it had rebounded after a series of falls.
ATOM/USD hit a peak of $14.75 in today’s session, as bulls rejected a breakout of a key support point.
ATOM was under threat from bearish sentiment, and prices were at $13.30 Wednesday. However, traders saw it as an opportunity for them to purchase the dip.
Only last Friday (September 9) cosmos reached a four month high of $17.20 and some believe that more highs will be achieved.
At the moment, price strength lies in-between overbought/oversold. The current point is 59.00
There is a ceiling of 61.00 and if this threshold is breached, we may see more bulls returning to the market.
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