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Is HNT Poised To Outperform Next Month? Is HNT Poised To Outperform Next Month? HNT crypto bounced back from the lows of $3.65, nearly avoiding the formation of a death crossover. This death crossover comes into formation when the 200-day EMA crosses over the 50-day EMA. However, a sudden surge in Helium price resulted in the aversion of this death cross. The Helium (HNT) price has made a remarkable surge of nearly 52% a week has opened HNT up to the potential of a rally. Also, the Relative Strength Index (RSI) has reclaimed the bullish zone as it hovers above the mean line. The RSI is a momentum oscillator indicator that measures the divergence in the price and momentum, indicating overbought or oversold conditions. It ranges from 0 to 100 and is typically used to identify swing formation and potential trend reversals.
CRYPTO:HNTUSDLong
by Ritika_TCR
1
the Helium crypto asset exhibits bullish characteristicsThe 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.
COINBASE:HNTUSDLong
by Sam_TCR
Helium crypto assetOn a closer look at the daily chart of Helium crypto assets, it came into sight that the price rose at the start of the year 2024, and went all the way to high up to $11.0. After meeting the top resistance, the price started losing ground and violated the uptrend by making lower lows and highs in the process. At press time, the price is trying to hold on to the current price level at $6.250 with a fraction of a gain of 0.13% on the daily chart. The present scenario highlights that, if the buyers lose any more ground, which is the $6.00 support level, the price would drop back to the 2024 yearly start price. On the flip side, if the volume, OI, and social awareness start to increase abruptly, the price might swap the scenario in its favor and could continue advancing towards the $8.00 hurdle, and breaching that would lead to retest of the supply level at $11.0 Looking at the indicators on the Helium daily chart, the EMA's are rejecting its value from its dynamic resistance, RSI is declining by following the 14-SMA lead, and MACD is below the zero line. This confirms that the major outlook is favoring the bearish cause on the daily chart.
COINBASE:HNTUSDShort
by Sam_TCR