BlocksInform
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) was also up, extending its recent wins to a sixth straight trading 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 increase comes as the 14-day RSI climbed to a five-week high, and is currently tracking at 52.09, after a break above 50.40.
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.
Despite the recent downward triangle on this chart, price momentum has been slowly stabilizing, with moving averages trending laterally.
Many see it as a sign of a longer-term reversal, some already aiming at the $30.00 point.
Harmony (ONE)
The biggest gainer today was undoubtedly harmony (ONE), which has risen by nearly 20% in the 24-hours of trading.
As of today, the US dollar peaked at $0.1612 on Saturday, following a second consecutive day of significant gains.
One was trading at a low of $0.1314 yesterday, which occurred as prices moved away from the long-term floor of $0.1249.
This was close to the lowest level for ONE since late September, and was followed by a push to resistance of $0.1650.
The 14-day RSI is also currently at its highest point in ten days, after a 41.70 strength breakout.
If this momentum continues in this direction, many bulls will likely be targeting exits at $0.2000.
Could we see this happen in the upcoming week? Share your thoughts with us in comments.
Bitcoin, Ethereum Technical Analysis: BTC Climbs to $40,000 on Saturday
