HNT rebounded from losses in yesterday’s session to move to its highest level in a week on Friday.
Helium (HNT)
HNT is trading higher today as bulls re-enter the market after the red wave that hit prices in Thursday’s session.
After hitting a low of $9.97 in yesterday’s session, HNT/USD rallied to an intraday peak of $11.42.
The move appears to have taken HNT back above the $10 resistance line and is now headed for a 7-day peak at $11.90.
Helium is currently trading near $11.16.
Still, current short-term momentum is bullish and the 14-day RSI is moving away from oversold levels.
The Relative Strength Index is currently trading at 55.31, just below the ceiling of 58.10, which seems to be the next target for bulls.
Monero (XMR)
June has not been a kind month forXMRtraders, with tokens in the red for most of the month so far.
This move follows a chain of moves by Monero to lower prices over a two-week period.
As a result of these declines, the XMRfell to its lowest level since September 2020 earlier in the week but today’s sharp rally and is now slightly above this point.
It remains to be seen if this level will become a support level or if the bears will continue to look for a new price point to settle at.
After hitting a low at 21.45 yesterday, the RSI is now slightly below resistance at 25.30 and a break of this point could see a move to $120.
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