Mayores motores: ATOM Hits 4-Month High, NEAR up 10% on Thursday

Cosmos moved to a four-month high in today’s session, as crypto markets rebounded following Wednesday’s sell-off. Prices of the token broke out of a key resistance point this afternoon, reaching the milestone. Near protocol was another notable mover, as it hit a three-week high.

Contenido

Cosmos (ATOM)

Cosmos (ATOM) raced to a four-month high this afternoon, as prices of the token broke out of a key price point.

Following a low of $11.98 el miércoles, ATOM/USD rose by nearly $2.00 en la sesión de hoy, hitting a high of $13.92 en el proceso.

Thursday’s rally comes as the token raced past its ceiling of $13.35, en route to its highest level since May 11.

Biggest Movers: ATOM Hits 4-Month High, NEAR up 10% on Thursday
ATOM/USD – Daily Chart

Mirando el gráfico, ATOM has been in an ascending triangle since hitting a low of $5.62 in mid-June.

Bulls of the token now look as if they could be targeting the $15.00 marca, which would see the token rise by almost $10.00 in just under two months.

In order to achieve this milestone, the token will need to overcome a hurdle on its relative strength index (RSI), which will come in the form of a ceiling at 63.30.

Near Protocol (CERCA)

Another notable gainer on Thursday was near protocol (CERCA), which rallied to a multi-week high earlier in the day.

NEAR/USD was able to reach a peak of $4.63 Este Dia, as prices rose for a second consecutive session.

Unlike cosmos, which moved past its own price ceiling, near protocol was unable to break out of its resistance, after almost colliding with the $4.65 level.

Biggest Movers: ATOM Hits 4-Month High, NEAR up 10% on Thursday
NEAR/USD – Gráfico diario

Al momento de escribir, prices are at $4.60, as bulls still attempt to fully break out of this aforementioned hurdle.

For this to occur, we may need to see the 10-day (red) and 25-day (blue) moving averages cross, which could come soon, as they increase in proximity.

Should this occur, there will be a strong chance of near protocol moving closer to $5.00.

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Etiquetas en esta historia

What is behind today’s 10% surge in near protocol? Háganos saber sus pensamientos en los comentarios.

Elías Dambell

Eliman aporta un punto de vista ecléctico al análisis de mercado, habiendo trabajado como director de corretaje, educador de comercio minorista, y comentarista de mercado en Crypto, Acciones y FX.




Créditos de imagen: Shutterstock, pixabay, Wiki Commons, Vladimka production / Shutterstock.com

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