LEO moves to 1-week high, as ATOM also rebounds on Thursday.
Another token which rebounded in today’s session was cosmos, which climbed higher following five straight days of declines. Overall, crypto markets are down 1.09% as of writing.Following a bottom of $4.73 on Wednesday, LEO/USD rallied to an intraday peak of $5.23 in today’s session.
However, Thursday’s rally came as LEO bulls pushed prices higher, following the earlier breakout of a $4.80 support point.Today’s peak is the strongest point the token has hit in the last week, and comes as a ceiling was broken within the relative strength index . As of writing, the 14-day RSI is tracking at 50.22, following a move past its resistance point of 48.11.
Should this momentum continue throughout the week, bulls will likely look at exiting around a price point of $5.40 which has historically acted as a ceiling.
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