Technical Analysis: Cosmos, Harmony Prices Surge on Saturday
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Technical Analysis: Cosmos, Harmony Prices Surge on Saturday

THELOGICALINDIAN - Cosmos ATOM and accord ONE were some of todays big gainers as the all-around crypto bazaar cap was up 123 to alpha the weekend Terra LUNA was additionally college extending its contempo assets to a sixth after trading session

Cosmos (ATOM)

Cosmos (ATOM) is currently trading over 13% college in today’s session, aggressive to its accomplished akin back February 17.

Saturday’s assemblage in ATOM/USD saw prices briefly blemish of the $29.10 attrition level, hitting an intraday aerial of $29.36 in the process.

This billow comes as the 14-day RSI climbed to a five-week high, and is currently tracking at 52.09, afterward a breach aloft 50.40.

Today’s aerial comes beneath than 24-hours afterwards ATOM was trading at a low of $25.27, as prices rallied aback to abutment of $26.10.

Despite the contempo bottomward triangle on this chart, amount drive has boring amorphous to stabilize, with the affective averages trending sideways.

Many see this as a assurance of a longer-term reversal, with some already targeting the $30.00 point.

Harmony (ONE)

The better gainer today was assuredly harmony (ONE), which has risen by about 20% in the 24-hours of trading.

As of writing, ONE/USD rose to a aerial of $0.1612 on Saturday, afterward a additional after day of able gains.

ONE was trading at a low of $0.1314 yesterday, which came as prices confused abroad from the abiding attic of $0.1249.

This was abutting to the everyman akin for ONE back backward September, and was followed by a billow to attrition at $0.1650.

The 14-day RSI is additionally currently tracking at its accomplished point in ten days, afterward a breach from the 41.70 attrition level.

Should this drive abide in this accepted direction, abounding beasts will acceptable be targeting exits at $0.2024.

Could we see this appear in the accessible week? Let us apperceive your thoughts in the comments.

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