LEO Hits 6-Week High, as NEAR Jumps Higher for Third Straight Session – Market Updates Bitcoin News

LEO rose to six weeks highs on Wednesday while prices rallied for a fifth consecutive day. The move came as the token raced past a key resistance level, on its way to today’s peak. A notable gainer in Near protocol was also a climber for the third day straight.


Unus Sed Leo (LEO) was one of the big movers in today’s session, as the token rose for a fifth consecutive day.

The token race climbed to an intraday low of $5.33 Tuesday and climbed up to a peak of $5.68 later in the day.

LEO/USD surged past $5.40 resistance, making it its most significant move since July 10.

Biggest Movers: LEO Hits 6-Week High, as Near Jumps Higher for Third Straight Session
LEO/USD – Daily Chart

As seen from the chart, today’s surge took LEO close to another price ceiling at the $5.70 level, however, bullish momentum faded as the session matured.

LEO trades currently at $5.64. That is barely below previous highs. It also comes as relative strength index (RSI), is approaching its own obstacle.

As of this writing, the index was at 65.10. This is very close to the ceiling of 66.50. Prices will fall if this resistance is sustained.

Near Protocol (NEAR).

Near protocol (NEAR), like LEO, also saw recent gains Wednesday as the prices rose for the third consecutive day.

Near/USD saw a surge on humpday, reaching a peak of $4.42. It is now at its highest level since August 25th.

The price of the stock broke through the $4.00 resistance level, just two days after it traded at $3.70 support.

Biggest Movers: LEO Hits 6-Week High, as Near Jumps Higher for Third Straight Session
NEAR/USD – Daily Chart

As of writing, the token is now at $4.40, which is over 7% higher than yesterday’s low, and comes as the RSI has risen to a two-week peak of 47.50.

If you look closely at the chart, it is clear that the upwards momentum has changed the direction of 10-day moving average (red), and this trending sideways.

If relative strength moves beyond the 49.00 ceiling, then it’s likely that we will see NEAR hit 4.50.

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Is bullish momentum expected to persist in near protocol this week? We’d love to hear your comments.

Eliman Dambell

Eliman is a market analyst with a diverse perspective. He has worked in various capacities, including as a retail trading teacher, brokerage director, and commentator on Crypto, Stocks, and FX markets.

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