What Does the Helium (HNT) Price signify?

Aug 17

In the past 45 days, the breakout out of the falling wedge had led HNT price to grow by more than 145%, where at press time, it traded at $7.136.

In the past, the Helium (HNT) had a robust bull run from the last quarter of 2023 and the first quarter of 2024. This took its price reached to a swing high of $11.16 from the low of $1.36. However, the peak invited profit bookers, which showcased the mighty start of the bearish downward trend after March 2024.

Since that peak, the asset has been continuously declining, and the intense sell-off spanning more than 150 days led to a narrowed declining wedge. This turned out to be a bullish pattern, precisely falling wedge after the price broke out on July 15th from the upper border.