Apecoin was up by over 13% on Tuesday, regardless of bearish sentiment remaining largely current in cryptocurrency markets. The token stayed near a one-month excessive in at the moment’s session, regardless of present market turbulence. Stellar was additionally in the inexperienced, nearing a four-week peak.
Apecoin (APE)
Apecoin (APE) was one in all Tuesday’s massive movers, with the token climbing by as a lot as 13% in at the moment’s session.
Following a low of $5.12 to start out the week, APE/USD surged to an intraday excessive of $6.12 earlier at the moment.
The transfer noticed the coin climb previous a key resistance stage of $6.00, transferring nearer to a four-week excessive in the method.
APE/USD – Every day Chart
Earlier beneficial properties have considerably eased, because the 14-day relative power index (RSI) collided with what seemed to be a ceiling.
As of writing, the index is monitoring at 55.64, which is beneath its present resistance level of 58.50.
It seems that earlier bulls have secured beneficial properties and closed positions, and may very well be ready for tomorrow’s price resolution to return, earlier than doubtlessly reentering the market.
Stellar (XLM)
Like apecoin, stellar (XLM) was additionally in the inexperienced in at the moment’s session, with bulls pushing it nearer to a one-month excessive.
On Tuesday, XLM/USD discovered itself buying and selling at a excessive of $0.1158, lower than 24 hours after hitting a low of $0.1047.
On account of at the moment’s rally, the token is now close to a resistance level of $0.1160, which has been in place since August 19.
XLM/USD – Every day Chart
With a purpose to transfer past this level, XLM would possible must see beneficial properties in the RSI which is at the moment being held up by some extent of resistance.
This ceiling seems to be the extent of 58.00, which has additionally been in place since mid-August.
Ought to a breakout happen, bullish sentiment will possible start to return, with merchants seeking to push the token in the direction of $0.1200.
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