Unus sed leo was one of a few gainers on Tuesday, as cryptocurrency markets mostly traded lower. Bearish sentiment returned to the global crypto market cap in today’s session, with prices down by 1.77% as of writing. On the other hand, avalanche was trading lower, as prices retreated from a recent multi-week high.
Unus sed leo (LEO) was one of a few tokens to climb higher on Tuesday, as prices rebounded from recent losses.
Following a low of $3.78 to start the week, LEO/USD rallied to an intraday peak of $3.94 earlier in the day.
This comes after bears were unable to force a breakout from a key price floor of $3.75 on Monday.
LEO/USD – Daily Chart
As can be seen from the chart, the rebound in price coincided with the 14-day relative strength index (RSI) also bouncing from a support of its own.
The index rose from its floor at the 43.50 mark on Monday, and as of writing, is currently tracking at 49.12.
This is the highest point that price strength has hit in over one week, pushing it closer to a ceiling of 50.00 in the process.
Avalanche (AVAX), on the other hand, was one of many cryptocurrencies to move lower during Tuesday’s session.
AVAX/USD dropped to a bottom of $13.48 earlier in the day, which comes less than 24 hours after hitting a peak of $14.31.
Monday’s high was the strongest point that avalanche had traded at since November 10, when price was above $15.00.
AVAX/USD – Daily Chart
Today’s shift in sentiment comes despite the 10-day (red) moving average maintaining its upward crossover versus the blue moving average of 25 days.
Traders will likely make another attempt to move beyond the $14.40 point in upcoming days, as sentiment for now remains bullish.
Register your email here to get weekly price analysis updates sent to your inbox:
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
暂时没有评论，赶紧抢沙发吧！