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Biggest Movers: THETA, HNT Rise Over 20%, Despite Crypto Crash

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THETA traded higher on Tuesday as prices rebounded from multi-year lows. HNT is also up, climbing as much as 20% at the start of today’s session.

Theta network (THETA)

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THETA was one of the most notable participants in today’s session as prices rose nearly 20% earlier in the day.

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After a low of $0.9688 earlier in the week, THETA/USD rose to an intraday peak of $1.22 on Tuesday.

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Today’s surge has seen THETA pull back from yesterday’s bottom, the lowest price level since December 2020.

THETA/USD – daily chart

At the time of writing, prices are back above $1.00 and trading just above the key support point of $1.14.

If this level starts to stabilize, we may see the bulls slowly return to the market and gradually try to regain price momentum.

For this to happen, the 14-day RSI needs to stay above its own support at 40 and then move past the resistance at 42.

Helium (HNT)

HNT was another big move on Tuesday as prices bounced back, ending a streak of four consecutive daily drops.

Helium hit an intraday high of $10.21 earlier in today’s session, less than a day after trading at a low of $7.45.

Despite this decline, prices are up as much as 23% today, breaking the $9.80 resistance.

HNT/USD – daily chart

However, after the earlier breakout, the momentum of HNT has eased a bit and prices are once again trading below $10.

This is likely the result of the Relative Strength Index finding its own support point at 50 and previous bulls using it as a perfect exit point.

Overall, the bullish momentum is still there and if we see a break above this ceiling, traders are likely to target the $12 level.

Will HNT hit $12 by the end of the week? Let us know your thoughts in the comments.

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Credit : news.bitcoin.com

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