Decoding, Helium (HNT) Chart On Daily chart!

On the daily chart, the HNt has shown bullish bias by forming consistent green candles for several days.

Around the first quarter of 2024, the price reached a more than 700% gain, which built a peak of $11.160 by Feb 15th, 2024, from $1.429 major support. Due to instability, after the mid-feb, HNT witnessed consistent profit booking for nearly 146 days, which led to a falling wedge formation.

Where the price broke out from the broader bullish sentiment this July month. This breakout led to a robust increase in the price in some days span on the daily chart.

Indicators: EMA bands have been breached (50-day & 200--Day), MACD histogram on the surge at 0.199. RSI has met over-bought conditions, which might be a concern (DYOR).

The support levels for the HNT token price are $3.0 and $4.25 followed by the resistances of $6.90 and $8.0, respectively.