Cosmos (ATOM) and harmony (ONE) were some of today’s big gainers, as the global crypto market cap was up 1.23% to start the weekend. Terra (LUNA) was also higher, extending its recent gains to a sixth consecutive trading session.

Cosmos (ATOM)

Cosmos (ATOM) is currently trading over 13% higher in today’s session, climbing to its highest level since February 17.

Saturday’s rally in ATOM/USD saw prices briefly breakout of the $29.10 resistance level, hitting an intraday high of $29.36 in the process.

This surge comes as the 14-day RSI climbed to a five-week high, and is currently tracking at 52.09, following a break above 50.40.

Technical Analysis: Cosmos, Harmony Prices Surge on Saturday
ATOM/USD – Daily Chart

Today’s high comes less than 24-hours after ATOM was trading at a low of $25.27, as prices rallied back to support of $26.10.

Despite the recent descending triangle on this chart, price momentum has slowly begun to stabilize, with the moving averages trending sideways.

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

Harmony (ONE)

The biggest gainer today was undoubtedly harmony (ONE), which has risen by nearly 20% in the 24-hours of trading.

As of writing, ONE/USD rose to a high of $0.1612 on Saturday, following a second consecutive day of strong gains.

ONE was trading at a low of $0.1314 yesterday, which came as prices moved away from the long-term floor of $0.1249.

This was close to the lowest level for ONE since late September, and was followed by a surge to resistance at $0.1650.

Technical Analysis: Cosmos, Harmony Prices Surge on Saturday
ONE/USD – Daily Chart

The 14-day RSI is also currently tracking at its highest point in ten days, following a break from the 41.70 resistance level.

Should this momentum continue in this current direction, many bulls will likely be targeting exits at $0.2000.

Tags in this story

Could we see this happen in the upcoming week? Let us know your thoughts in the comments.'
Eliman Dambell

Eliman brings a diversified point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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. 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 disclaimer

Source. Invest now with as low as $500, Earn up to 3% ROI daily on GTI Trade.

Share this now: