{"id":12722,"date":"2022-06-14T16:04:20","date_gmt":"2022-06-14T16:04:20","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/theta-hnt-rise-over-20-despite-crypto-crash-market-updates-bitcoin-news\/"},"modified":"2022-06-14T16:04:20","modified_gmt":"2022-06-14T16:04:20","slug":"theta-hnt-rise-over-20-despite-crypto-crash-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/theta-hnt-rise-over-20-despite-crypto-crash-market-updates-bitcoin-news\/","title":{"rendered":"THETA, HNT Rise Over 20%, Despite Crypto Crash \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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THETA was trading higher on Tuesday, as prices rebounded, moving away from multi-year lows in the process. HNT also rallied, climbing by as much as 20% earlier in today\u2019s session.<\/b><\/p>\n

Theta Network (THETA)<\/h2>\n

THETA was one of the most notable movers during today\u2019s session, as prices gained by nearly 20% earlier in the day.<\/span><\/p>\n

Following a low of $0.9688 to start the week, THETA\/USD rose to an intraday peak of $1.22 on Tuesday.<\/span><\/p>\n

Today\u2019s surge saw THETA move away from yesterday\u2019s bottom, which is the lowest level prices have been since December 2020.<\/span><\/p>\n

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THETA\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

As of writing, prices are now back above $1.00, and are trading slightly above a key support point of $1.14.<\/span><\/p>\n

Should this floor begin to stabilize, we could see bulls slowly re-enter the market, and gradually look to regain price momentum.<\/span><\/p>\n

For this to happen, the 14-day RSI must remain above its own support point at the 40 level, and move to break past resistance of 42 thereafter.<\/span><\/p>\n

Helium (HNT)<\/h2>\n

HNT was another big mover on Tuesday, as prices rebounded, ending a streak of four straight daily declines.<\/span><\/p>\n

Helium hit an intraday high of $10.21 earlier in today\u2019s session, which comes less than a day after trading at a low of $7.45.<\/span><\/p>\n

Despite these declines, prices rose by as much as 23% today, moving past resistance of $9.80 in the process.<\/span><\/p>\n

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HNT\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

However, following the earlier breakout, momentum in HNT has slightly eased, with prices once again trading below $10.<\/span><\/p>\n

This is likely a result of the Relative Strength Index finding a support point of its own at 50, with previous bulls using this as an ideal exit point.<\/span><\/p>\n

Overall, the bullish momentum still remains, and should we see a breakout above this ceiling, the traders will likely look to target the $12 level.<\/span><\/p>\n

Is HNT going to hit $12 before the end of the week? Let us know your thoughts in the comments.<\/i><\/b><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman 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.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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