LEO hits one-week high, ATOM recovers from recent decline – Market Update Bitcoin News

UNUS SED LEO climbed to a one-week high on Thursday as the price bounced back after a three-day losing streak. Another token that has rallied in today’s session is Cosmos, which rose after five straight days of declines. Overall, the crypto market is down 1.09% at the time of writing.

UNUS SED LEO

UNUS SED LEO (LEO) rallied after hitting three consecutive lows on Thursday.

Following Wednesday’s bottom of $4.73, LEO/USD moved up to an intraday peak of $5.23 in today’s session.

However, Thursday’s rally happened as the LEO bulls pushed the price higher after breaking the $4.80 support point.

Today’s peak is the strongest point the token has hit in the last week and occurs when the ceiling is breached within the Relative Strength Index (RSI).

At the time of writing, the RSI has been tracking 50.22 for 14 days and has moved above the 48.11 resistance point.

If this momentum continues for a week, the bulls will likely exit near $5.40, which has served as a ceiling so far.

Cosmos (Atom)

Cosmos (ATOM) rose on Thursday as the token also rallied after falling for five straight days.

ATOM/USD has peaked at $14.75 in today’s session as the bulls rejected a breakout of the critical support point.

Wednesday’s price was at $13.30, with bearish sentiment threatening ATOM, but traders saw this as an opportunity to buy the fall.

Cosmos traded at a four-month high of $17.20 on Friday, September 9th.

Price strength is currently between overbought and oversold, tracking the 59.00 point.

The ceiling is at 61.00 and if this point is breached, more bulls are likely to re-enter the market.

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Will Cosmos continue its rally towards recent highs this week? Let us know your thoughts in the comments.

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