LEO and Monero maintained their bullish stance over the last 24 hours. These coins entered above 4% growth. Near Term Technicals for both the coin pointed towards bullish price action. The buyers are coming to the rescue for both the token. Though, the coins broke above their immediate resistance line at the time of writing.
During the final week, XMR and LEO projected significant returns. Even though the high fear index, these coins have shown increased buying pressure. At press time, XMR was priced at $223.68, and the LEO token was trading at $3.77 at the time of writing while maintaining a bullish stance.
Moreover, Onreo had valued over 6% in the last 24 hours straight after the coin dipped on December 27. Overhead resistance for the coin stood at $234.23, while the support line rested at $223.55.
Further, if buying pressure continues to be persistent, XMR might try to topple over the $234.23 mark. However, as mentioned above, that level has acted as a full-price ceiling. Monero had tried to move above the resistance mark again this month.
On the four-hour chart, XMR’s price was above the 20-SMA, which meant that buyers appointed the price momentum for the coin.
The Relative Strength Index also noted an uptick, which indicated an increasing buying strength in the market.
MACD underwent a bullish crossover as it displayed green histograms at the time of writing. In case of a price reversal, the altcoin would find itself trading near the $223.55 mark, falling beneath which the next price floor stood at $199.08.
Furthermore, LEO was trading hands at $3.77 with an overhead resistance of $3.84. LEO was parked above the 20-SMA line on the four-hour chart, indicating that buying pressure was increasing in the market. Bullish crossover is green at the time of writing.
To conclude, Technicals hinted that the coin could attempt to break over the immediate resistance mark as the 50-SMA line broke over the 20-SMA line, indicating bullishness. LEO was trading within an ascending channel which suggested that the coin was quite bullish at the time of writing.
