Recent declines in Monero and Polkadot have been reversed on Tuesday, with the tokens attempting to reclaim their recent highs. This is a major move after the US markets reopened following a public holiday on Monday.
Monero (XMR)
Monero (XMR) recovered its losses on Tuesday, hitting a seven-month high.
XMR/USD dropped to a low of $165.77, before rallying back to an intraday high of $173.28.
Today’s surge saw Monero jump off the $165.00 support level and move towards resistance at $175.00.
At the current time, XMR is trading at $172.65 and is below the ceiling as of the writing date.
For XMR to reclaim its recent high of $187.20, the RSI (currently at 68.71) needs to pull back towards the 80.00 mark.
Moles (DOT)
Polkadot (DOT) ended its two-day losing streak on Tuesday, rising to a near two-month high.
DOT/USD hit a record of $6.07 in this session, which was less than 24 hours after trading as low as $5.66.
Today’s bounce drove DOT to a ceiling of $6.10, which is close to its goal of $6.51.
