Apecoin experienced a fourth straight session of growth on Wednesday. Prices for the token increased by up to 5% Today’s surge sees the token move to its highest level since last Friday. Helium also gained notable ground on the hump day. It rose by up to 14% early in the day.
Apecoin (APE).
Apecoin (APE) was one of Wednesday’s big movers, as prices of the token rose for a fourth consecutive session.
APE/USD rallied to an intraday high of $5.50 on Wednesday, just one day after it traded at $5.08.
As a result of today’s surge, APE moved further away from its $5.00 floor, and climbed higher towards a key resistance level of $5.80.
It appears bulls might be able to recoup this ceiling. However, it seems that there are some major obstacles ahead which could stop prices rising further.
The chart shows that the current 14-day relative strength indicator (RSI), is tracking at 37.87. This is slightly below the resistance of 40.
If APE bulls wish to go beyond $5.80 and possibly break into $6.00 territory then they must overcome the ceiling.
Helium (HNT)
Whilst APE was a notable mover on Wednesday, Helium (HNT) was one of the day’s biggest gainers.
After almost 12 consecutive days of low levels, the token landed at $6.30 Monday. HNT rose to an earlier six-day high today.
HNT/USD surged to a peak of $7.66 during Wednesday’s session, which is the highest point the token has traded at since last Thursday.
Today’s rebound saw HNT marginally break out of its resistance level at the $7.55 mark, attempting a similar rally to what occurred on May 30.
Helium’s price jumped by nearly $3.00 on that day, from $7.38 up to $10.32.
The history of token trading is not repeatable. As such, the highs for token trading are below their earlier peak as of this writing. Traders will likely make profits and sell off previous positions to secure future ones.
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Is helium likely to regain the $10.00 mark within weeks? Please share your views with us in the comments.
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