HNT was moving towards a one-week high on Friday, as it rebounded following losses in yesterday’s session. Two of the three previous days have seen prices rise, with XMR climbing for the first time since nearly two week.
Helium (HNT)
HNT was trading higher today, as bulls re-entered the market following a red wave that hit prices during Thursday’s session.
Following a low of $9.97 during yesterday’s session, HNT/USD raced to an intraday peak of $11.42 earlier in the day.
HNT moved above $10 resistance and now appears to be headed for $11.90, a seven-day high.
Helium currently trades at $11.16 as bulls earlier abandoned their positions and chose to make gains.
Despite these concerns, short-term momentum is bullish and the 14-day RSI has moved away from its oversold levels.
The Relative Strength Index trades at 55.31 right now, just marginally lower than the ceiling of 58.10. This seems like the next target for bulls.
Monero (XMR)
June has not been kind to XMR trader, with tokens in red throughout the month.
The intraday peak of $116.16 for XMR/USD was reached Friday morning, less than 24 hours after the price had been trading at $104.82.
It follows a string of monero moves to lower lows over a span of two weeks.
As a result of these declines, XMR fell to its lowest point since September 2020 earlier in the week, however following today’s surge, we are now slightly above this point.
This level is not yet a support level. Bears may continue looking for new prices floors.
The RSI fell to 21.45 yesterday and is currently tracking slightly below the resistance. 25.30 and if this point is broken we might see a shift towards $120.
What do you think about crypto’s future? Please share your views with us in the comments.
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