BCH has been one of the biggest gainers in the last week, and that momentum continued during Tuesday’s session. HNT and ADA were trading over 10% higher as the bullish pressure remained in crypto markets.
Bitcoin Cash (BCH).
BCH was the undisputed biggest gainer Tuesday with its fourth session of gains in five days.
The BCH/USD intraday low was $320.29 Monday. It then climbed above $375 Tuesday.
Today’s move came as prices surged past the recent resistance level of $334, and rose to their highest level since January 18.
As a result of today’s rally, BCH is now trading over 30% higher in the last seven days, with today’s value climbing by 13.55%, as of writing.
The chart shows that the 14-day RSI has reached 72.19. This is the highest price level it has seen since August last year.
Many will be expecting a reverse in the trend, but with the moving averages of 10 and 25 days only crossing, it is possible that there are still gains.
Helium (HNT)
Although ADA rose by almost 10% earlier in today’s session, it somewhat fell off from those highs, giving way to other big movers on Tuesday.
One of these was HNT, which remained over 10% higher for the majority of today’s action, climbing to an intraday high of $24.51 in the process.
This follows on from yesterday’s low of $21.26, which came after a selloff at the resistance level of $24.85.
As of writing this, HNT is now slightly over this ceiling due to today’s gain, however as seen from the chart, the level of uncertainty still remains.
The 14-day RSI now stands at 57 after surpassing its 54 ceiling. It is also its highest point since January 5.
However, bullish momentum is likely to continue with the possibility for a run up to $28.
This $28 level could be reached as early as next week. Please share your views with us in the comments.
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