Monero recouped from recent losses on Tuesday, as the token attempted to recapture recent highs. The move comes as US markets reopened after a public holiday on Monday. Polkadot also rallied in today’s session, snapping a two-day losing streak.
money (XMR)
money (XMR) rallied on Tuesday, as the token pulled back towards a recent seven-month high.
After a low of $165.77, XMR/USD reached an intraday high of $173.28 earlier in today’s session.
Today’s move saw Monero bounce off its support at $165.00 and move towards resistance at $175.00.
At the time of writing, the token remains below this ceiling, currently trading at the $172.65 level.
If this obstacle is overcome, XMR The bulls are likely to try to recapture last week’s high of $187.20.
For this to happen, the RSI, which currently sits at 68.71, will need to pull back towards the 80.00 mark.
Polka Dots (POINT)
Polkadot (DOT) snapped a two-day losing streak on Tuesday, with prices nearing a two-month high.
DOT/USD reached a high of $6.07 earlier in today’s session, coming less than 24 hours after trading as low as $5.66.
As a result of Tuesday’s rise, DOT moved to a ceiling of $6.10 and closer to Saturday’s high of $6.51.
Looking at the chart, the bounce came as the 14-day RSI also bounced from its own support point at 72.45.
The index currently sits at 74.88, with a ceiling at 82.00 marking a potential target for buyers.
At the time of writing, DOT has given up previous earnings and is trading at $5.97.
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Will Polkadot go above $6.51 this week? Let us know your thoughts in the comments.
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