- Helium price is currently seeing a correction in the daily chart after huge gains. In contrast, it is up by more than 11% in the past 24 hours.
- Technical indicators of HNT suggest a small bearish trend in price. Meanwhile, HNT/BTC pair has seen a gain of more than 10% in the intraday session.
HNT price is seeing a correction on the daily chart after seeing strong bullish momentum in price. Helium coin price is currently up by more than 11% in the past 24 hours and is trading near the value of $21. It has an ROI of more than 75824% and is growing more and more on the daily basis. It is currently down by more than 21.89% from its all-time high. The correction in the price might be for a little while before going to a new high. One can forecast a strong bullish momentum in Helium price in the future.
HNT token is ranked 59th in the CMC and has a market dominance of more than 0.35%. It is seeing a recovery to the previous levels. The volume of the coin is also seeing a strong surge which can push the price to a new high. One can invest in Helium as per their needs and risk capacity.
Bulls Of The HNT Price Might Push It To A New High
Helium coin price is currently seeing a strong upside momentum on the weekly technical chart and can soon see a new high. It is up by more than 28% in the weekly time frame. On coming to the daily chart the price is seeing a correction. Resistance of the HNT while going upside can be seen near $25. Meanwhile, the support of the coin while going down can be seen near $12. The coin is trading above the 50 and 100 Daily Moving Average.. The 100 DMA price is near $20.67 acting as a temporary resistance of the price. There is a strong supply zone formed in the daily chart. If the price falls 15 to 20% below the current level then a downside momentum can be seen. HNT/BTC pair can also see strong bullish momentum in the future.
Conclusion
Helium coin price is currently seeing a correction but can soon see a new high in the future. HNT/BTC pair can also see a new high in the future.
Technical Levels
Major Resistance: $12
Major Support: $25
Rajat is an MBA graduate specialized in finance who is a motivated self-starter, highly organized, and holds a good flair for understanding financial markets. His interest in economics and finance draws his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. His primary focus is on cryptocurrency price analysis and industry news coverage.
