Biggest Movers: LEO Hits 1-Week High, ATOM Rebounds From Recent Declines

UNUS SED LEO reached a one week high on Thursday as prices recovered from a three-day losing streak. Cosmos was another token that rebounded today after five consecutive days of declines. As of this writing, crypto markets are down by 1.09% overall.


After three days of lows, UNUS SED LEO LEO (LEO), rebounded Thursday

LEO/USD rose to an intraday high of $5.23 today after a low of $4.73 on Wednesday.

However, prices rallied on Thursday as LEO bulls drove them higher after the earlier breakout at a $4.80 support level.

Today's peak marks the highest point that the token has reached in the past week. It also comes as a ceiling was broken by the relative strength index (RSI).

The 14-day RSI is currently tracking at 50.22 as of writing. This follows a move beyond its resistance point of 48.11.

Bulls may consider exiting at $5.40, which historically has been a ceiling price.

Cosmos (ATOM)

Five days of declines followed by a drop in cosmos (ATOM), which rose on Thursday as the token also recovered.

ATOM/USD reached a high of $14.75 during today's session as bulls failed to break a key support level.

ATOM was under threat from bearish sentiment, with prices hovering around $13.30 on Wednesday. However, traders saw this as an opportunity for them to purchase the dip.

Last Friday, September 9, was the last time that cosmos traded at $17.20. Some still believe that higher levels are possible.

Price strength is currently in-between overbought or oversold. It tracks at 59.00

The ceiling is set at 61.00. If this level is broken, we will see more bulls return to the market.

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Will the cosmos climb back to its recent highs this week or will it slow down? We'd love to hear your comments.

By: Eliman Dambell
Title: Biggest Movers: LEO Hits 1-Week High, ATOM Rebounds From Recent Declines
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Published Date: Thu, 15 Sep 2022 16:00:08 +0000

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