Terra (Luna) was one of this week’s biggest crypto losers, falling by as much as 20% during Friday’s session. Declines in terra came as cosmos (ATOM) also had a double-digit decline.
Although crypto markets were mainly trading in the red, symbol (XYM) was one of the rare exceptions to climb higher today.
XYM rose to an intraday high of $0.1728 during Friday’s session, rising from an earlier low of $0.155.
This move started when the symbol surged from its support at $0.146, an area where it has been trading around for the majority of the week.
As of writing, XYM was trading over 7% higher, with price action continuing to gain strength, after a recent breakout from a key RSI resistance point.
The 14-day RSI indicator is currently tracking at 44, following its surge from the 35 level, which was a historical point of price uncertainty.
Traders will likely now wait to see if symbol could reach resistance of $0.189.
Another day, and cosmos (ATOM) was once again trading lower, falling by as much as 10% in the process. Despite this, it was terra (LUNA) which was Friday’s bear of the day, and was down around 16% as of writing.
The move saw LUNA/USD extend its recent selloff, hitting an intraday low of $47.72, following an earlier high of $58.20.
Looking at the chart below, the decline commenced after a breakout from the $59.75 floor, leading to further drops, which now sees new support of $47.95 being formed.
In addition to the breakout, prices are now heavily oversold, which is one of the only indications that the bearish pressure could be fading.
Source: Bitcoin news