Technical Analysis: Cosmos, Harmony Prices Surge on Saturday – Market Updates Bitcoin News

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ATOM and ONE were some of today's big gainers, as the global crypto market cap was up 1.23% to start the weekend.

Despite the recent descending triangle on this chart, price momentum has slowly begun to stabilize, with the moving averages trending sideways.Harmony As of writing, ONE/USD rose to a high of $0.1612 on Saturday, following a second consecutive day of strong gains.

ONE was trading at a low of $0.1314 yesterday, which came as prices moved away from the long-term floor of $0.1249. This was close to the lowest level for ONE since late September, and was followed by a surge to resistance at $0.1650.The 14-day RSI is also currently tracking at its highest point in ten days, following a break from the 41.70 resistance level.

Should this momentum continue in this current direction, many bulls will likely be targeting exits at $0.2000.

 

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