Monero, Helium, and Uniswap Rise Again after Period of Underperformance

Altcoins Cryptocurrency DeFi Helium (HNT) Monero (XMR) News Price Analysis Uniswap (UNI)

Monero, Helium, and Uniswap recovered from downbeat this week after losing steam over the past few weeks. These alternative coins gained over 20% within the last seven days and have their short-term technicals suggest more upswings.

The past 24 hours had UNI, XMR, and HNT gaining over 11%. Let’s check the levels you may need to consider when interacting with these coins.

UNI/USD 4Hr Chart

Uniswap (UNI) lost its momentum over the last weeks. However, the alt printed a double-bottom formation during the period, suggesting reversals of the prevailing price actions. That had UNI regaining its momentum within no time, trading around $19.66 at this publication.

The coin’s closest resistance stands at $22.91, while Uniswap’s support floor at $18.82. Moreover, short-term technicals indicate bullish momentum in the alternative currency. The surplus buyers in the market saw the RSI drifting from the middle line, around the overbought area.

Awesome Oscillator depicted bullish outlook with increasing histogram affirming the same. Also, the Moving Average Convergence Divergence saw a bullish cross and showed optimistic price movement over the past sessions.

XMR/USD 4Hr Chart

Monero price movements resulted in higher highs, and the token surged to $233.03. For now, XMR bulls can eye the hurdle at $234.66. The alt had its price beyond the 200-Simple Moving Average line, confirming massive bullish influence in the market. If reversals emerge, XMR can plunge towards the immediate support zone at $201.33. However, maintaining the higher highs will see Monero securing a nearly 8% surge.

Also, the Relative Strength Index signaled the increased buying momentum as it stayed above 80. The indicator has struggled to overcome the 80-level for the past month. Awesome Oscillator (AO) flashed green sign bars, and green histograms grew as bullish strength increased.

HNT/USD 4Hr Chart

At this publication, Helium traded at $41. Meanwhile, the alt’s overhead resistance stood near $45. HNT saw its price increase by 28% within the last seven days. The support stood near $40.92, and losing the footing will see HNT at $35.33.

Technicals confirmed bullishness in the market as the alt maintained its price beyond the 200-SMA. Bollinger Bands expanded, indicating potential volatility. Moreover, the RSI declined from the overbought region within the last few days. Nevertheless, the indicator stayed beyond the half-line amid dominant buying momentum.

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