LEO rose to a six-week excessive on Wednesday, as costs rallied for a fifth consecutive session. The transfer got here because the token raced previous a key resistance stage, on its option to right this moment’s peak. Close to protocol was one other notable gainer, climbing for a 3rd straight day.
UNUS SED LEO (LEO)
Unus Sed Leo (LEO) was one of many huge movers in right this moment’s session, because the token rose for a fifth consecutive day.
Following a low of $5.33 on Tuesday, the token raced to an intraday peak of $5.68 earlier within the day.
The transfer noticed LEO/USD climb previous its resistance level at $5.40, on its option to its highest level since July 10.
As seen from the chart, right this moment’s surge took LEO shut to a different worth ceiling on the $5.70 stage, nonetheless, bullish momentum light because the session matured.
Presently, the LEO is buying and selling at $5.64, which is marginally beneath earlier highs, and comes because the relative energy index (RSI) approaches its personal impediment.
The index is monitoring at 65.10 as of writing, which is near a ceiling of 66.50. Ought to we see this resistance sustained, costs will doubtless decline.
Close to Protocol (NEAR)
Like LEO, close to protocol (NEAR) additionally prolonged current beneficial properties on Wednesday, as costs moved increased for a 3rd straight day.
NEAR/USD surged on hump-day hitting a excessive of $4.42, which is its strongest level since August 25.
This one-week excessive comes as costs broke out of a $4.00 resistance level, two days after buying and selling on the assist of $3.70.
As of writing, the token is now at $4.40, which is over 7% increased than yesterday’s low, and comes because the RSI has risen to a two-week peak of 47.50.
Honing in on the chart, you possibly can see that this upwards momentum has altered the path of the 10-day transferring common (pink), which is now trending sideways.
Ought to relative energy transfer past an upcoming ceiling at 49.00, it’s doubtless we’ll see NEAR hit $4.50.
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