- HNT price is currently trailing in a bullish momentum with an intraday gain of 7%. In contrast, the HNT/BTC pair is also seeing a consolidated move with a gain of dd%.
- Technical indicators of the price suggest a weak bullish momentum for Helium. It is up by more than 5000% from last year’s trading price.
Helium is used to communicate between low-power IoT devices and was launched in 2019. It aims to improve the capabilities of wireless Internet of Things (IoT) devices. The coin has an ROI of more than 4836% which has been a huge selling point for the investors. HNT coin price has seen a jump of more than 933% from the start of this year. HNT price projects growth of more than 100% in the future.
Helium has a market capitalization of $3,012,338,343 while currently ranked 69th in the CMC. The Volume of the HNT token is seeing an increase over the past few days. The Volume to Market capitalization ratio of the Helium coin suggests an uptrend for the short term.
Technical Indicators Supports The Bullish Momentum For HNT Coin Price
HNT coin price suggests a consolidated momentum in the weekly technical chart. Helium price is currently trading near the value of $13 with an intraday gain of 7 %. The resistance for the asset price can be observed near $16 and support can be seen near $10. The price of the coin is below 50 and above 100 Daily Moving Average. The 100 DMA line is currently near the price making it temporary support for the price. On coming to the daily chart, the price is in a consolidated momentum. The price can see a further upside momentum if it goes above the consolidated zone. HNT/BTC pairs can observe a strong uptrend in the future.
The Volume (11K) of the coin hints at a bullish momentum. If the price rushes above $20, then a huge buying volume can be observed
RSI(Bullish): RSI of the token is at ff with a small positive slope. The slope of the price hints at an upside correction in the upcoming days. RSI depicts a bullish momentum for the price.
Conclusion
Helium token aims to improve the communication capabilities of wireless Internet of Things (IoT) devices. HNT token price projects a bullish momentum in the upcoming days. An Investor should do their due diligence before investing.
Technical Levels
Major Resistance:$16
Major Support:$10