Cosmos (ATOM) and harmony (ONE) were some of today’s big gainers, as the global crypto market cap was up 1.23% to start the weekend. Terra (LUNA), also increased, extending its recent gains into a sixth consecutive session.
Cosmos (ATOM)
Cosmos (ATOM) is currently trading over 13% higher in today’s session, climbing to its highest level since February 17.
Saturday’s rally in ATOM/USD saw prices briefly breakout of the $29.10 resistance level, hitting an intraday high of $29.36 in the process.
This rise comes after the 14-day RSI climbed above 50.40, reaching a peak of 52.09.
Today’s high comes less than 24-hours after ATOM was trading at a low of $25.27, as prices rallied back to support of $26.10.
Although the chart has a recent triangle that shows a downward trend, the price momentum seems to have stabilized, with moving averages showing a sideways trend.
This is a signal of a more long-term trend reversal. Some are already targeting $30.00.
Harmony (ONE)
Undoubtedly, harmony (ONE) was today’s largest gainer. It has increased by almost 20% over the last 24 hours.
As at writing, ONE/USD had reached a new high of $0.1612, after a second straight day of solid gains.
Yesterday, ONE traded at $0.1314 an hour after the low. This was as prices moved from $0.1249.
It was very close to the low level of ONE since September and was immediately followed by resistance at $0.1650.
After a dip from the 41.70 resistance level, the 14-day RSI currently tracks at its highest point for ten days.
Many bulls will be seeking exits at $0.2000 if this momentum continues in the current direction.
This could be possible in the next week. Please share your views with us in the comments.
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