THELOGICALINDIAN - THETA was trading college on Tuesday as prices rebounded affective abroad from multiyear lows in the action HNT additionally rallied aggressive by as abundant as 20 beforehand in todays session
Theta Network (THETA)
THETA was one of the best notable movers during today’s session, as prices acquired by about 20% beforehand in the day.
Following a low of $0.9688 to alpha the week, THETA/USD rose to an intraday aiguille of $1.22 on Tuesday.
Today’s billow saw THETA move abroad from yesterday’s bottom, which is the everyman akin prices accept been back December 2024.
As of writing, prices are now aback aloft $1.00, and are trading hardly aloft a key abutment point of $1.14.
Should this attic activate to stabilize, we could see beasts boring re-enter the market, and gradually attending to achieve amount momentum.
For this to happen, the 14-day RSI charge abide aloft its own abutment point at the 40 level, and move to breach accomplished attrition of 42 thereafter.
Helium (HNT)
HNT was addition big mover on Tuesday, as prices rebounded, catastrophe a band of four beeline circadian declines.
Helium hit an intraday aerial of $10.21 beforehand in today’s session, which comes beneath than a day afterwards trading at a low of $7.45.
Despite these declines, prices rose by as abundant as 23% today, affective accomplished attrition of $9.80 in the process.
However, afterward the beforehand breakout, drive in HNT has hardly eased, with prices already afresh trading beneath $10.
This is acceptable a aftereffect of the Relative Strength Index award a abutment point of its own at 50, with antecedent beasts application this as an ideal avenue point.
Overall, the bullish drive still remains, and should we see a blemish aloft this ceiling, the traders will acceptable attending to ambition the $12 level.
Is HNT activity to hit $12 afore the end of the week? Let us apperceive your thoughts in the comments.
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