THETA trades higher as prices bounced back from multi-year lows on Tuesday. HNT also rallied, climbing by as much as 20% earlier in today’s session.
Theta Network (THETA).
THETA was one of the most notable movers during today’s session, as prices gained by nearly 20% earlier in the day.
After a weekly low of $0.9688, the THETA/USD rose on Tuesday to an intraday high of $1.22.
Today’s surge saw THETA move away from yesterday’s bottom, which is the lowest level prices have been since December 2020.
The prices have risen to $1.00 as of the writing of this article, trading just slightly above the $1.14 key support level.
If the floor stabilizes, bulls could slowly re-enter market and look to regain momentum.
To achieve this, the 14 day RSI should remain at or above the 40 level. It must then move past the resistance of 42.
Helium (HNT)
HNT also moved on Tuesday as the prices recovered, ending four consecutive daily declines.
Helium hit an intraday high of $10.21 earlier in today’s session, which comes less than a day after trading at a low of $7.45.
Prices rose as high as 23% today despite these falls, breaking through resistance of $9.80.
HNT prices are now trading at $10 after the breakout.
It is possible that the Relative Strength Indice found a support level at 50. Previous bulls used this point as an exit point.
Overall the bullish momentum remains. Should we see a breakout over this ceiling, traders may look for the $12 level.
Are HNT likely to reach $12 by the end of this week? We’d love to hear your comments.
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