{"id":13739,"date":"2022-08-24T17:30:55","date_gmt":"2022-08-24T17:30:55","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ape-extends-rally-hnt-recovers-following-recent-losses-market-updates-bitcoin-news\/"},"modified":"2022-08-24T17:30:55","modified_gmt":"2022-08-24T17:30:55","slug":"ape-extends-rally-hnt-recovers-following-recent-losses-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ape-extends-rally-hnt-recovers-following-recent-losses-market-updates-bitcoin-news\/","title":{"rendered":"APE Extends Rally, HNT Recovers Following Recent Losses \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Apecoin rose for a fourth consecutive session on Wednesday, as prices of the token climbed by as much as 5%. Today\u2019s surge sees the token move to its highest level since last Friday. Helium was another notable gainer on hump day, rising by as much as 14% earlier in the day.<\/strong><\/p>\n

Apecoin (APE)<\/h2>\n

Apecoin (APE) was one of Wednesday\u2019s big movers, as prices of the token rose for a fourth consecutive session.<\/p>\n

Wednesday saw APE\/USD rally to an intraday peak of $5.50, less than a day after trading at a low of $5.08.<\/p>\n

As a result of today\u2019s surge, APE moved further away from its $5.00 floor, and climbed higher towards a key resistance level of $5.80.<\/p>\n

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

Although it appears that bulls may be able to recapture this ceiling, there seem to be some significant obstacles ahead, which could prevent prices from rising any further.<\/p>\n

Looking at the chart, the 14-day relative strength index (RSI) is currently tracking at 37.87, which is marginally below the resistance level of 40.<\/p>\n

Should APE bulls want to move beyond $5.80, and potentially break into $6.00 territory, then they will need to overcome the upcoming ceiling.<\/p>\n

Helium (HNT)<\/h2>\n

Whilst APE was a notable mover on Wednesday, Helium (HNT) was one of the day\u2019s biggest gainers.<\/p>\n

Following almost 12 days of lower lows, which landed the token at a bottom of $6.30 on Monday, HNT rallied to a six-day high earlier today.<\/p>\n

HNT\/USD surged to a peak of $7.66 during Wednesday\u2019s session, which is the highest point the token has traded at since last Thursday.<\/p>\n

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

Today\u2019s rebound saw HNT marginally break out of its resistance level at the $7.55 mark, attempting a similar rally to what occurred on May 30.<\/p>\n

On that occasion, helium saw its price jump by almost $3.00, moving from $7.38 to a high of $10.32.<\/p>\n

History has yet to repeat itself, with the token trading below earlier highs as of writing, and traders likely securing profits opposed to holding on to previous positions.<\/p>\n

Register your email here to get weekly price analysis updates sent to your inbox:<\/em><\/p>\n

Could helium recapture the $10.00 mark in upcoming weeks? Let us know your thoughts in the comments.<\/strong><\/em><\/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, mundissima \/ Shutterstock.com<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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