Biggest Movers: HNT Nears 1-Week High, as XMR Rebounds on Friday
HNT was moving towards a one-week high on Friday, as it rebounded following losses in yesterday’s session. Prices have now risen for two of the last three days, and this comes as XMR climbed for the first time in nearly two weeks. 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.
The move sees HNT move back above its resistance level of $10, and it now looks to be heading for a seven-day peak at $11.90. HNT/USD – Daily Chart
As of writing, helium is currently trading around $11.16, as earlier bulls have vacated their position, instead choosing to secure gains.
Despite this, the current short-term momentum remains bullish, leading the 14-day RSI away from oversold levels.
Currently the Relative Strength Index is trading at 55.31, which is marginally below a ceiling of 58.10, which seems to be the next target for bulls.
Monero (XMR)
June has been far from kind to XMR traders, with the token in the red for the majority of the month so far.
XMR/USD rose to an intraday high of $116.16 earlier on Friday, which comes less than 24-hours after prices were trading at $104.82.
This move follows a streak that saw monero move to lower lows for a period of two weeks. XMR/USD – Daily Chart
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.
It is yet to be seen if this level will be a support level, or if bears will continue to look to settle on new price floors.
After hitting a low of 21.45 yesterday, the RSI is now tracking marginally below a resistance of 25.30, and should this point be broken, we could see a move towards $120. Tags in this story Analysis, helium, HNT, Monero, xmr
Do you expect any significant moves in crypto this weekend? Let us know your thoughts in the comments. Eliman Dambell
Eliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX. Bitcoin, Ethereum Technical Analysis: ETH, BTC Lower as Bearish Momentum Returns on Friday MARKET UPDATES | 10 hours ago Biggest Movers: SOL, TRX Nearly 10% Higher, as Crypto Prices Marginally Rebound MARKET UPDATES | 1 day ago
Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBill Presented in Brazil Seeks to Include Crypto as Approved Means of Payment Next articleThe Number of Tethers in Circulation Dropped by Over 12 Billion in 2 Months, USDC Grew by 9% Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.Tony Hawk"s Latest NFTs to Come With Signed Physical Skateboards Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms Iran to Increase Penalties for Unauthorized Cryptocurrency Mining