Largest Movers Apecoin Up Nearly 100% On Second Day of Trading

by bollywoodfever · 19/03/2022

Largest Movers Apecoin Up Nearly 100% On Second Day of Trading, AAVE and HNT Also Move Higher Read in detail

APE increased by almost 100% on its second trading day and is now up more than 1,200% over the previous two sessions.

Although gains were less dramatic, AAVE (and HNT) also rose higher to the end of the week.

AAVE

APE was today’s most important mover. However, technical analysis is difficult due to its short life span of less than 48 hours.

AAVE is therefore the default winner of this award, since its price increased by more than 10% during today’s trading session.

After a low of $142.83 Thursday, AAVE/USD climbed to an intraday high at $159.78. This is its highest level since February 17.

After five consecutive days with gains, prices reached this high as they broke through the resistance level at $149.00.

This streak has resulted in the 14-day RSI reaching a peak of 65, which is the highest since December. It means that AAVE is now too overbought.

We could see prices reaching the $192 mark next year if this momentum continues, despite current market conditions.

Despite trading in a long-term declining triangle, HNT has risen for five consecutive sessions and is now up almost 6% today.

HNT/USD rose to $24.22 at the time of writing, after a low of $19.02 earlier in the week.

Trades have moved the price from $20 support on Monday to trade at a 17 day high.

These gains have resulted in price strength reaching its highest level since February. The RSI is now at 54.74.

The chart shows that we are close to the price ceiling at $24.94, but if we breach this level, bulls could target $30.

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