- HNT price is currently traveling in a bullish momentum and can soon see the new high. In contrast, the HNT/BTC pair has also observed a gain of more than 2% in the intraday session
- Technical indicators of the Helium price suggests a strong upside momentum in price. HNT price is up by more than 2.06% in the past 24 hours
Helium platform is used to communicate between low-power IoT devices and the project came into existence in 2019. The platform aims to improve the capabilities of wireless Internet of Things (IoT) devices. ROI of the HNT is more than 4836% which has differentiated from the other projects. Helium coin price has seen a jump of more than 933% from the beginning of the month. One can invest in Helium as per the price action and risk capacity.
Helium is currently ranked 66th in the CMC and has a market dominance of more than 0.09%. The Volume of the HNT token along with the market cap has seen an increase in the past few days. Helium coin is currently down by more than 20% from its ATH. The Volume to Market capitalization ratio of the Helium token suggests a strong uptrend in price
Technical Indicators Suggests A Strong Upside Momentum In HNT Coin Price
HNT coin price hints towards a strong upside momentum in the weekly time frame. Helium price has observed a gain of more than 2% in the intraday session and is trading near the value of $18.5. The resistance for the Helium price can be seen near $18 and support can be observed near $10. The price of the coin is trading above 50 and 100 Daily Moving Average. The 100 DMA line is currently near $14 acting as a temporary support. A positive crossover can be observed in price in the future. The price can see further upside momentum if it jumps above the $20. HNT/BTC pairs can also see new high in the future
The Volume of the asset price is near 27k with a bullish momentum. If the price rushes above $20, then a huge buying surge can be seen
Conclusion
Helium token aims to improve the communication capabilities of wireless Internet of Things (IoT) devices. HNT coin price is currently in an upside momentum and can soon see the new high. An Investor should do their due diligence before investing.
Technical Levels
Major Resistance:$25
Major Support:$10