The crypto market took heavy losses following Bitcoin’s downward price correction. However, as the trend reversed to bullish, several altcoins have posted gains through the week, but for some coins, bearish qualms appeared to have taken over.
Leo:
Source: LEO/USD on TradingView
Bitfinex’s LEO token recently entered the top 10 rankings of cryptocurrencies by market cap. However, this tryst was short-lived as it moved to the 11th position soon.
At press time, LEO was trading at $1.04 after a minor decline of 0.22% over the past 24-hours. Additionally, it registered a market cap of $1.03 billion and a 24-hour trading volume of $8.52 million.
Resistance: $1.112, $1.218
Support: $0.811
MACD: The MACD indicator underwent a bearish crossover.
Chaikin Money Flow: The CMF indicator, however, aligned with the bulls.
Tron [TRX]:
Source: TRX/USD on TradingView
Tron’s price has so far failed to respond positively. Tron was valued at $0.0130 as it held a market cap of $864.8 million. It was up by 8.85% over the last 24-hours and recorded a 24-hour trading volume of $1.002 billion.
Resistance: $0.018, $0.022
Support: $0.008
Parabolic SAR: dotted markers below the price candles depicted a bullish phase for the coin.
Awesome Oscillator: The green closing bars also pointed towards a bullish trend.
Cosmos [ATOM]:
Source: ATOM/USD on TradingView
The leading crypto exchange, Binance US recently announced the launch of stake rewards for Cosmos [ATOM].
ATOM stood at a price of $2.21 after a surge of 9.17% over the past 24-hours. At press time, the crypto recorded a market cap of $421.8 million and a 24-hour trading volume of $135.2 million.
Resistance: $3.85, $5.04
Support: $1.58
Klinger Oscillator: The KO line moving above the signal line projected strong bullish signals for the coin’s future in the near-term.
RSI: RSI appeared to be moving towards the 50-median neutral zone. This was indicative of positive sentiment among investors in the overall Cosmos market.
