On its second day of trading, APE rose by nearly 100% and is up over 1,200% in the last two sessions. Although gains were significantly more muted, AAVE and HNT also climbed higher to end the week.
Biggest Movers: Apecoin up Nearly 100% on Second Day of Trading, AAVE, HNT Also Move Higher
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AAVE
Although APE was undoubtedly today’s biggest mover, there isn’t much to discuss in the way of technical analysis, due to it only being in circulation for less-than 48-hours.
As such, AAVE takes this honor by default, as its price climbed by over 10% during today’s trading session.
Following a low of $142.83 on Thursday, AAVE/USD rose to an intraday high of $159.78, which is its highest level since February 17.
This high came as prices broke out of the recent resistance level of $149.00, following five consecutive days of gains.
As a result of this streak, the 14-day RSI has risen to a high of 65 for the first time since December, meaning that AAVE is now overbought.
Should this momentum continue despite its current position, we could see prices targeting the $192 level next.
Helium (HNT)
Despite trading within a long-term descending triangle, HNT has now risen for five consecutive sessions, and is up nearly 6% today.
As of writing this, HNT/USD rallied to an intraday peak of $24.22, following a low of $19.02 to begin the week.
This comes as trades moved the price away from support of $20 on Monday, to now trading at a 17-day high.
As a result of these gains, price strength has climbed to its highest level since early February, with the RSI now hitting a high of 54.74.
Looking at the chart, we are also close to the price ceiling of $24.94, however, if we break beyond this level, some bulls could begin targeting $30.
Are prices of HNT too overbought to sustain further gains? Let us know your thoughts in the comments.
