Technical Diagnosis: Cosmos, Harmony Costs Surge on Saturday

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Technical Analysis: Cosmos, Harmony Prices Surge on Saturday

Cosmos (ATOM) and cohesion (ONE) had been some of this day’s colossal gainers, as the area crypto market cap was up 1.23% to launch the weekend. Terra (LUNA) was also elevated, extending its most contemporary beneficial properties to a sixth consecutive trading session.

Cosmos (ATOM)

Cosmos (ATOM) is at this time trading over 13% elevated in this day’s session, hiking to its perfect level since February 17.

Saturday’s rally in ATOM/USD saw prices temporarily breakout of the $29.10 resistance level, hitting an intraday excessive of $29.36 within the plot.

This surge comes as the 14-day RSI climbed to a five-week excessive, and is at this time tracking at 52.09, following a smash above 50.40.

Technical Analysis: Cosmos, Harmony Prices Surge on Saturday
ATOM/USD – Every day Chart

As of late’s excessive comes lower than 24-hours after ATOM was trading at a low of $25.27, as prices rallied encourage to pork up of $26.10.

No subject the most contemporary descending triangle on this chart, payment momentum has slowly begun to stabilize, with the nice looking averages trending sideways.

Many note this as a price of a long-term reversal, with some already concentrating on the $30.00 level.

Harmony (ONE)

The ideal gainer this day was with out a doubt cohesion (ONE), which has risen by nearly 20% within the 24-hours of trading.

As of writing, ONE/USD rose to a excessive of $0.1612 on Saturday, following a second consecutive day of sturdy beneficial properties.

ONE was trading at a low of $0.1314 the day past, which came as prices moved far from the long-term flooring of $0.1249.

This was shut to the lowest level for ONE since slack September, and was followed by a surge to resistance at $0.1650.

Technical Analysis: Cosmos, Harmony Prices Surge on Saturday
ONE/USD – Every day Chart

The 14-day RSI also will almost definitely be at this time tracking at its perfect level in ten days, following a smash from the 41.70 resistance level.

Need to gentle this momentum continue on this most contemporary direction, many bulls is usually concentrating on exits at $0.2000.

Might well well we note this happen within the upcoming week? Sigh us your strategies within the feedback.'

Eliman Dambell

Eliman brings a rather a range of level of note to market diagnosis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Shares and FX.

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