The Helium Crypto experienced a bullish trend from the first week of November 2023, rising from the support level of $1.0 to a high of $11.0, where the candle closed at $10.0 by 15th February 2024.
However, from the third week of February 2024, the Helium price plummeted and ended up in a downward wedge, violating the earlier uptrend.
Despite this fall, the Helium crypto has shown signs of recovery as the price rebounded from a significantly developed support level of around $3.50 on the chart. The breakout of the falling wedge pattern suggests that Helium Crypto may start an upward trend by breaking the resistance level and reaching new peaks from its current price level.
The Helium asset begins a spectacular rise as it is displaying a strong bullish urge in its strength by forming back-to-back bullish candles on the daily sessions on its charts. It has also remained above the major 20-day and has been approaching 50-day EMA band from below.
The MACD 20-day EMA, which has been approaching the 50-day EMA from below, also indicates a robust bullish crossover, with a histogram at 0.210, the MACD line at -0.326, and the signal line at -0.536.
Additionally, the RSI is moving higher with a more substantial speed, which indicates that the Helium crypto asset is not in the overbought zone yet, as it is at 55.83 and can maintain its upward direction.
Overall chart analysis shows that the Helium crypto asset exhibits bullish characteristics and may reach higher levels by continuing its ongoing breakout on the daily chart. It also displayed exemplary performance the previous week, with a 30.78% increase, indicating a robust upward spike and the potential to retest the supply level at $10.0.
As of press time, the Helium crypto is trading at $5.310, with an intraday gain of 3.01%, a 24-hour trading volume of 64.47 million, and a market capitalization of 836.71 Million. If the price continues to attract more buying interest, it could achieve higher targets at $8.0 and $10.0. However, if the price fails to sustain support at $3.50, price gains may decline and hit lower support levels.
However, from the third week of February 2024, the Helium price plummeted and ended up in a downward wedge, violating the earlier uptrend.
Despite this fall, the Helium crypto has shown signs of recovery as the price rebounded from a significantly developed support level of around $3.50 on the chart. The breakout of the falling wedge pattern suggests that Helium Crypto may start an upward trend by breaking the resistance level and reaching new peaks from its current price level.
The Helium asset begins a spectacular rise as it is displaying a strong bullish urge in its strength by forming back-to-back bullish candles on the daily sessions on its charts. It has also remained above the major 20-day and has been approaching 50-day EMA band from below.
The MACD 20-day EMA, which has been approaching the 50-day EMA from below, also indicates a robust bullish crossover, with a histogram at 0.210, the MACD line at -0.326, and the signal line at -0.536.
Additionally, the RSI is moving higher with a more substantial speed, which indicates that the Helium crypto asset is not in the overbought zone yet, as it is at 55.83 and can maintain its upward direction.
Overall chart analysis shows that the Helium crypto asset exhibits bullish characteristics and may reach higher levels by continuing its ongoing breakout on the daily chart. It also displayed exemplary performance the previous week, with a 30.78% increase, indicating a robust upward spike and the potential to retest the supply level at $10.0.
As of press time, the Helium crypto is trading at $5.310, with an intraday gain of 3.01%, a 24-hour trading volume of 64.47 million, and a market capitalization of 836.71 Million. If the price continues to attract more buying interest, it could achieve higher targets at $8.0 and $10.0. However, if the price fails to sustain support at $3.50, price gains may decline and hit lower support levels.