2 years ago
THETA was trading higher connected Tuesday, arsenic prices rebounded, moving distant from multi-year lows successful the process. HNT besides rallied, climbing by arsenic overmuch arsenic 20% earlier successful today’s session.
Theta Network (THETA)
THETA was 1 of the astir notable movers during today’s session, arsenic prices gained by astir 20% earlier successful the day.
Following a debased of $0.9688 to commencement the week, THETA/USD roseate to an intraday highest of $1.22 connected Tuesday.
Today’s surge saw THETA determination distant from yesterday’s bottom, which is the lowest level prices person been since December 2020.
As of writing, prices are present backmost supra $1.00, and are trading somewhat supra a cardinal enactment constituent of $1.14.
Should this level statesman to stabilize, we could spot bulls dilatory re-enter the market, and gradually look to regain terms momentum.
For this to happen, the 14-day RSI indispensable stay supra its ain enactment constituent astatine the 40 level, and determination to interruption past absorption of 42 thereafter.
Helium (HNT)
HNT was different large mover connected Tuesday, arsenic prices rebounded, ending a streak of 4 consecutive regular declines.
Helium deed an intraday precocious of $10.21 earlier successful today’s session, which comes little than a time aft trading astatine a debased of $7.45.
Despite these declines, prices roseate by arsenic overmuch arsenic 23% today, moving past absorption of $9.80 successful the process.
However, pursuing the earlier breakout, momentum successful HNT has somewhat eased, with prices erstwhile again trading beneath $10.
This is apt a effect of the Relative Strength Index uncovering a enactment constituent of its ain astatine 50, with erstwhile bulls utilizing this arsenic an perfect exit point.
Overall, the bullish momentum inactive remains, and should we spot a breakout supra this ceiling, the traders volition apt look to people the $12 level.
Is HNT going to deed $12 earlier the extremity of the week? Let america cognize your thoughts successful the comments.
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