Unus sed leo was one of some gainers on Tuesday, as cryptocurrency markets largely traded decrease. Bearish sentiment returned to the worldwide crypto market cap in right now’s session, with costs down by 1.77% as of writing. However, avalanche was buying and selling decrease, as costs retreated from a current multi-week excessive.
Unus Sed Leo (LEO)
Unus sed leo (LEO) was one of some tokens to climb larger on Tuesday, as costs rebounded from current losses.
Following a low of $3.78 to begin the week, LEO/USD rallied to an intraday peak of $3.94 earlier within the day.
This comes after bears have been unable to pressure a breakout from a key worth ground of $3.75 on Monday.
As may be seen from the chart, the rebound in worth coincided with the 14-day relative power index (RSI) additionally bouncing from a assist of its personal.
The index rose from its ground on the 43.50 mark on Monday, and as of writing, is presently monitoring at 49.12.
That is the very best level that worth power has hit in over one week, pushing it nearer to a ceiling of fifty.00 within the course of.
Avalanche (AVAX), however, was one in all many cryptocurrencies to maneuver decrease throughout Tuesday’s session.
AVAX/USD dropped to a backside of $13.48 earlier within the day, which comes lower than 24 hours after hitting a peak of $14.31.
Monday’s excessive was the strongest level that avalanche had traded at since November 10, when worth was above $15.00.
At this time’s shift in sentiment comes regardless of the 10-day (purple) shifting common sustaining its upward crossover versus the blue shifting common of 25 days.
Merchants will seemingly make one other try to maneuver past the $14.40 level in upcoming days, as sentiment for now stays bullish.
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