{"id":14559,"date":"2022-11-17T16:53:39","date_gmt":"2022-11-17T16:53:39","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/xmr-leo-move-towards-1-week-highs-on-thursday-market-updates-bitcoin-news\/"},"modified":"2022-11-17T16:53:39","modified_gmt":"2022-11-17T16:53:39","slug":"xmr-leo-move-towards-1-week-highs-on-thursday-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/xmr-leo-move-towards-1-week-highs-on-thursday-market-updates-bitcoin-news\/","title":{"rendered":"XMR, LEO Move Towards 1-Week Highs on Thursday \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
\n<\/p>\n

\n
\n<\/header>\n
\n<\/div>\n

Unus sed leo was a notable gainer on Thursday, as the token surged towards a one-week high. The move comes as crypto markets seem to have settled, a week on from the turbulence caused by the FTX collapse. Monero also rallied, climbing above the $130 level.<\/strong><\/p>\n

Monero (XMR<\/a>)<\/h2>\n

Monero (XMR<\/a>) was closing in on a one-week high on Thursday, as market volatility eased a week on from the FTX collapse.<\/p>\n

XMR<\/a>\/USD raced to an intraday high of $132.97 in today\u2019s session, which comes a day after trading at a low of $127.09.<\/p>\n

Today\u2019s move saw monero hit its highest point since last Friday, and it is now marginally below a ceiling of $133.50.<\/p>\n

\"\"
XMR<\/a>\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Looking at the chart, earlier gains have somewhat eased, as traders became nervous the closer price moved to this ceiling.<\/p>\n

The 14-day relative strength index (RSI) also collided with a key resistance level of 43.00, and as of writing is tracking at 42.09.<\/p>\n

Should bulls intend to move prices above $133.50, this ceiling of 43.00 will need to be broken first.<\/p>\n

Unus Sed Leo (LEO)<\/h2>\n

Unus Sed Leo (LEO) was another notable gainer in today\u2019s session, as prices also neared a one-week high.<\/p>\n

Following a low of $3.78, LEO\/USD raced to an intraday peak of $4.04, hitting its strongest point since November 11.<\/p>\n

Currently LEO is trading over 5% higher than yesterday\u2019s bottom, and is nearing a breakout of a long-term resistance level.<\/p>\n

\"\"
LEO\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

LEO\/USD is still hovering below this ceiling of $4.05, which comes as the RSI also sits below a resistance of its own.<\/p>\n

As of writing, the index is tracking at 46.49, which is under its aforementioned resistance of 47.00.<\/p>\n

In the event of a breakout, LEO bulls will likely attempt to move towards the next closest ceiling of $4.20.<\/p>\n

Register your email here to get weekly price analysis updates sent to your inbox:<\/em><\/p>\n

Do you expect to see crypto markets begin to rally as the dust settles on the FTX saga? Let us know your thoughts in the comments.<\/strong><\/em><\/p>\n

\n
\n<\/div>\n
\n
\nEliman Dambell <\/h6>\n

\nEliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.

\n
\n
\n<\/a>
\n<\/span>\n<\/p>\n<\/div>\n<\/div>\n

Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

\n

Disclaimer<\/strong>: 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. Bitcoin.com<\/a> 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.<\/p>\n<\/div>\n

\n