Cosmos was a notable gainer on Tuesday, as the coin’s price was up 12% on the day. Today’s surge saw the cryptocurrency climb for the third straight day, reaching a five-day high in the process. Near Protocol was also in the green as it rebounded after a recent decline.
universe (atom)
Cosmos (ATOM) was one of Tuesday’s big gainers, as the token’s price surged up to 12%.
After a low of $10.25 at the start of the week, ATOM/USD rebounded earlier today, reaching a high of $11.93 in the process.
Today’s peak appears to see ATOM rising for the third straight session, reaching its highest level since August 18 in the process.
Looking at the chart, today’s move came as the coin broke the key resistance at $11.55.
At the time of writing, ATOM continues to trade above this range, although its earlier gains have faded, currently trading at $11.56.
Overall, it appears that previous bulls have turned bearish, liquidating their positions shortly after today’s breakout.
Near Protocol (Near)
Apart from Cosmos, the Near Protocol (NEAR) was also in the green in today’s session as the price bounced off the recent losses.
NEAR/USD hit an intraday peak of $4.41 on Tuesday, up 8% from Monday’s low.
Yesterday saw NEAR fall below its support point at the $4.10 level, although the bulls rejected a complete break and bought a dip instead.
Today’s rally in price comes as another rally took place, on this occasion it was via the 14-day Relative Strength Index (RSI).
As seen on the chart, the bottom of 38.15 has protected itself from a breakout, and the RSI is tracking 43.45 at the time of writing.
The next target for the bulls is likely to be $4.70, although this will be made difficult after a downside cross of the 10-day (red) and 25-day (blue) moving averages, which could indicate the possibility of further medium-term declines. Is.
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