XMR, LEO Move Towards 1-Week Highs on Thursday – Market Updates Bitcoin News

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.

Monero (XMR)

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

XMR/USD raced to an intraday high of $132.97 in today’s session, which comes a day after trading at a low of $127.09.

Today’s move saw monero hit its highest point since last Friday, and it is now marginally below a ceiling of $133.50.

Looking at the chart, earlier gains have somewhat eased, as traders became nervous the closer price moved to this ceiling.

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.

Should bulls intend to move prices above $133.50, this ceiling of 43.00 will need to be broken first.

Unus Sed Leo (LEO)

Unus Sed Leo (LEO) was another notable gainer in today’s session, as prices also neared a one-week high.

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

Currently LEO is trading over 5% higher than yesterday’s bottom, and is nearing a breakout of a long-term resistance level.

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

As of writing, the index is tracking at 46.49, which is under its aforementioned resistance of 47.00.

In the event of a breakout, LEO bulls will likely attempt to move towards the next closest ceiling of $4.20.

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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.

Eliman Dambell

Eliman 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.