Helium (HNT) Price Among Top Crypto Gainers – $10 Target Next?

2024-9-2 14:26

Helium’s HNT continues to make holders happy during these slow market cconditions.

When we look at the last 7 days data, we can see that the HNT price is the only altcoin among top100 crypos per market cap that had a double-digit pump. In fact, Helium’s token pumped 16% and is now trading around $7.6.

I analyzed HNT/USD chart, looks like the price is gearing up to break crucial $10 level.

Technical Analysis: Gearing Up for the $10 Milestone

The token had been trading within a descending channel until this summer. For those unfamiliar, this is a bearish pattern, and had been in place since February 2024. However, in late July 2024, HNT managed to break out of this channel. Breaking out of the bearish pattern is a bullish sign, isn’t it? Yes, that’s right.

Following the breakout, the price has rallied over 100%. The chart indicates a potential target of approximately $10, representing a 31.19% gain from the current price. This target is derived by applying the height of the descending channel to the breakout point, a common method for setting post-breakout price objectives.

Source: TradingView

The rally is still in progress, so it’s important to monitor key support zones. The $6.50 to $7.00 range, corresponding to recent lows prior to the surge, provides a crucial support level. Additionally, the 200-day moving average (MA), currently around $5.50, serves as a second significant long-term support.

The price’s position well above the 200-day MA is a positive sign, and this means that the overall trend is bullish. Furthermore, the Relative Strength Index (RSI) is at 61, indicating that the token is in bullish territory but not yet overbought, hinting at the potential for further upside.

The Moving Average Convergence Divergence (MACD) line has crossed above the MACD signal line, forming a bullish crossover and signaling that the upward momentum remains strong.

The next important target level is around the $10 mark, which appears achievable if the bullish momentum persists. The token’s resilience and positive technical signals amid the broader market slowdown suggest that the this target could be within reach in the near future, particularly if the overall cryptocurrency market helps along the way.

Read also: Cardano’s Chang Hard Fork: How On-Chain Governance Could Trigger a Major ADA Price Upswing

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Hinto (HNT) на Currencies.ru

$ 0 (+0.04%)
Объем 24H $0
Изменеия 24h: 1.00 %, 7d: 6.64 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 HNT / 1m HNT

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Источник: captainaltcoin.com

hnt helium → Результатов: 126


Helium (HNT) Recovers With Double-digit Gain, Can Bulls Push to $12?

Despite a strong bullish run in recent months, Helium (HNT) was unable to hold its ground against tether (USDT), with the price falling from an all-time high of $50 to around $5. The recent price increase in Bitcoin (BTC) has had a positive impact on the overall market, as most altcoins continue to show strength, producing more than 100% gains, with Helium (HNT) price also in the picture due to its impressive recovery.

2022-9-11 01:21


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На этой неделе Uniswap, Monero и Helium добились хороших результатов, хотя до этого в течение нескольких недель они демонстрировали долгое снижение. Нет сомнений, что на их восхождении сказалось восстановление биткоина, и даже при условие его текущей коррекции краткосрочные технические показатели указывают на продолжение роста курса.

2021-12-28 12:21


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2021-8-28 12:36


Фото:

Borderless Capital closes $10M fund to mine and stake HNT

Borderless Capital, a venture capital company focused on growth of the Algorand ecosystem, closed the HNT. Fund for $10 million, Invezz learned from a press release of the company. The fund was conceived with the purpose of mining and staking Helium (HNT/USD), the People’s Network’s native token, which is based on the Helium blockchain and LoRaWAN technology.

2021-7-7 16:07


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