Biggest Movers: XMR, LEO Move Towards 1-Week Highs on Thursday
Unus sed leo was a notable gainer on Thursday, as the token surged towards a one-week high. The move comes as crypto markets seem to have settled, a week on from the turbulence caused by the FTX collapse. Monero also rallied, climbing above the $130 level. Monero (XMR)
Monero (XMR) was closing in on a one-week high on Thursday, as market volatility eased a week on from the FTX collapse.
XMR/USD raced to an intraday high of $132.97 in today’s session, which comes a day after trading at a low of $127.09.
Today’s move saw monero hit its highest point since last Friday, and it is now marginally below a ceiling of $133.50. XMR/USD – Daily Chart
Looking at the chart, earlier gains have somewhat eased, as traders became nervous the closer price moved to this ceiling.
The 14-day relative strength index (RSI) also collided with a key resistance level of 43.00, and as of writing is tracking at 42.09.
Should bulls intend to move prices above $133.50, this ceiling of 43.00 will need to be broken first. Unus Sed Leo (LEO)
Unus Sed Leo (LEO) was another notable gainer in today’s session, as prices also neared a one-week high.
Following a low of $3.78, LEO/USD raced to an intraday peak of $4.04, hitting its strongest point since November 11.
Currently LEO is trading over 5% higher than yesterday’s bottom, and is nearing a breakout of a long-term resistance level. LEO/USD – Daily Chart
LEO/USD is still hovering below this ceiling of $4.05, which comes as the RSI also sits below a resistance of its own.
As of writing, the index is tracking at 46.49, which is under its aforementioned resistance of 47.00.
In the event of a breakout, LEO bulls will likely attempt to move towards the next closest ceiling of $4.20.
Register your email here to get weekly price analysis updates sent to your inbox: Tags in this story Analysis, LEO, Monero, Unus Sed Leo, xmr
Do you expect to see crypto markets begin to rally as the dust settles on the FTX saga? Let us know your thoughts in the comments. Eliman Dambell
Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX. Bitcoin, Ethereum Technical Analysis: BTC, ETH Decline as USD Strengthens Following Retail Sales Data MARKET UPDATES | 10 hours ago Biggest Movers: BCH Climbs to 1-Week High, DOT Declines MARKET UPDATES | 1 day ago
Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleB2Broker’s Turnkey Brokerage Offerings Will Be Powered By Centroid Technology Next articleBinance CEO CZ Calls SBF a ‘Psychopath,’ 3AC Co-Founder Accuses FTX, Alameda of Stop Hunting His Hedge Fund Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItOman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)"s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale Interest in Real Estate Investments in Spain Grew 400%, With Some Using Crypto and Stocks as Payment Method