Technical Analysis: Prices for Cosmos and Harmony Surge on Saturday
Today’s notable gainers included Cosmos (ATOM) and Harmony (ONE), with the global crypto market value up 1.23 percent to start the weekend. Terra (LUNA) was also higher, continuing its recent advances for the sixth trading session in a row.
the cosmos (ATOM)
Cosmos (ATOM) is currently up more than 13% in today’s session, reaching its highest level since February 17.
The advance in ATOM/USD on Saturday saw prices momentarily break above the $29.10 barrier level, reaching an intraday high of $29.36.
Following a break above 50.40, the 14-day RSI has soared to a five-week high, and is presently tracking at 52.09.
Today’s high comes less than 24 hours after ATOM hit a low of $25.27, before rallying back to $26.10 support.
Despite the recent falling triangle on this chart, price momentum is gradually stabilising, with moving averages heading sideways.
Many see this as a precursor to a longer-term turnaround, with some traders even eyeing the $30.00 mark.
Prices of Cosmos and Harmony Surge on Saturday, according to technical analysis
Today’s notable gainers included Cosmos (ATOM) and Harmony (ONE), with the global crypto market value up 1.23 percent to start the weekend. Terra (LUNA) was also higher, continuing its recent advances for the sixth trading session in a row.
The cosmos (ATOM)
Cosmos (ATOM) is currently up more than 13% in today’s session, reaching its highest level since February 17.
The advance in ATOM/USD on Saturday saw prices momentarily break above the $29.10 barrier level, reaching an intraday high of $29.36.
Following a break above 50.40, the 14-day RSI has soared to a five-week high, and is presently tracking at 52.09.
Prices of Cosmos and Harmony Surge on Saturday, according to technical analysis
Daily Chart of ATOM/USD
Today’s high comes less than 24 hours after ATOM hit a low of $25.27, before rallying back to $26.10 support.
Despite the recent falling triangle on this chart, price momentum is gradually stabilising, with moving averages heading sideways.
Many see this as a precursor to a longer-term turnaround, with some traders even eyeing the $30.00 mark.
Peace and tranquilly (ONE)
The largest gainer today was clearly harmony (ONE), which has climbed about 20% in the last 24 hours.
ONE/USD has risen to a high of $0.1612 as of this writing, following a second day of significant advances.
Yesterday, ONE traded to a low of $0.1314, as prices fell away from the long-term floor of $0.1249.
This was ONE’s lowest point since late September, and it was followed by a surge to $0.1650 resistance.
Following a break over the 41.70 resistance level, the 14-day RSI is now at its highest level in ten days.
If the current trend continues, many bulls will most certainly be looking for exits around $0.2000.
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Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.
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