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 this time’s session, regardless of present market turbulence. Stellar was additionally within the inexperienced, nearing a four-week peak.
Apecoin (APE)
Apecoin (APE) was one in every of Tuesday’s large movers, with the token climbing by as a lot as 13% in at this time’s session.
Following a low of $5.12 to begin the week, APE/USD surged to an intraday excessive of $6.12 earlier at this time.
The transfer noticed the coin climb previous a key resistance degree of $6.00, shifting nearer to a four-week excessive within the course of.
Earlier positive aspects have considerably eased, because the 14-day relative power index (RSI) collided with what gave the impression 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 positive aspects and closed positions, and might be ready for tomorrow’s charge determination to come back, earlier than probably reentering the market.
Stellar (XLM)
Like apecoin, stellar (XLM) was additionally within the inexperienced in at this time’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.
Because of at this time’s rally, the token is now close to a resistance level of $0.1160, which has been in place since August 19.
In an effort to transfer past this level, XLM would doubtless must see positive aspects within 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 doubtless start to return, with merchants trying to push the token in direction of $0.1200.
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