APE rose nearly 100% on its second trading day and has risen more than 1,200% over the past two sessions. While gains were less dramatic, HNT and AAVE both climbed more to the end of this week.
AAVE
Although APE was undoubtedly today’s biggest mover, there isn’t much to discuss in the way of technical analysis, due to it only being in circulation for less-than 48-hours.
As such, AAVE takes this honor by default, as its price climbed by over 10% during today’s trading session.
The intraday low for AAVE/USD was $142.83, which was its lowest level since February 17th. It then rose to $159.78 at an intraday high.
After five days of consecutive gains, prices reached this high as they broke through the resistance level at $149.00.
This streak has resulted in the 14-day RSI reaching a peak of 65, which is the highest since December. It means that AAVE has now become overbought.
If this momentum is maintained, prices could reach the $192 level by next year.
Helium (HNT)
HNT traded within a long term descending triangle but has risen for five sessions in succession and is currently up close to 6%.
The HNT/USD intraday high was $24.22, after a low at $19.02 earlier in the week.
Trades have moved the price from $20 support on Monday to trade at a high of 17 days.
These gains have resulted in price strength reaching its highest point since February. The RSI is now at 54.74.
The chart shows that we are close to $24.94 as the price limit. However, bulls may begin targeting $30 if they break through this mark.
Do HNT prices seem too expensive to continue gaining? We’d love to hear your comments.
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