LEO Hits 1-Week High, ATOM Recovers From Recent Decline – Market Bitcoin News Updates

U.S. SED Leo hit a one-week high on Thursday, as prices snapped a three-day losing streak. Another rebound in today’s session was Cosmos, which rallied after five straight days of declines. Overall, crypto markets are down 1.09% at the time of writing.

But one Leo

UNUS SED Leo (Leo) rebounded on Thursday, after three consecutive days of lows.

Following a low of $4.73 on Wednesday, LEO/USD rose to an intraday high of $5.23 in today’s session.

However, Thursday’s rally came as LEO bulls pushed prices higher, following the earlier formation of the $4.80 support point.

Biggest movers: LEO hits 1-week high, ATOM bounces back from recent decline.
LEO/USD – Daily Chart

Today’s peak is the strongest point the token has experienced in the past week, and the ceiling has been broken in the Relative Strength Index (RSI).

As of writing, the 14-day RSI is tracking at 50.22 after crossing the 48.11 resistance point.

If this momentum continues through the week, bulls may look to break out around the $5.40 price point, which has historically been the ceiling.

Cosmos (ATOM)

After five consecutive days of declines, Cosmos (ATOM) rallied on Thursday as the signal rebounded.

ATOM/USD topped $14.75 in today’s session, with bulls rejecting a key support point breakout.

Bearish sentiment threatened ATOM, prices at $ 13.30 on Wednesday, but traders saw this dip as an opportunity to buy.

Biggest movers: LEO hits 1-week high, ATOM bounces back from recent decline.
ATOM/USD – Daily Chart

Last Friday, September 9, Cosmos traded at a four-month high of $17.20, and some still seem to believe more highs are ahead.

Currently, price strength remains between overbought and oversold, tracking at 59.00 points.

The ceiling is at 61.00, and if this point is broken, we will see more bulls entering the market.

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Will the Cosmos continue their return to recent highs this week? Let us know your thoughts in the comments.

Ilya Dumbledore

Elliman brings a unique perspective to market analysis, having previously been a brokerage director and retail trade instructor. Currently he works as an analyst in various asset classes including Crypto, Stocks and FX.

Image credits: Shutterstock, Pixabay, Wiki Commons

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