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Helium Price Analysis: HNT Coin Testing $25 Breakout May Lead Prices Upto $50

  • The HNT coin price flies above the 55-EMA during intraday
  • The 24-hour trading volume is at $69 million.
  • HNT/BTC pair is trading positive by 4.4% at 0.00042021 BTC.

On the daily price chart of HNT coin, The Moving Average (EMA), which includes the 8,13,21,55 EMA, acts as reliable support for currency price movements. Investors may notice price moves above the yellow line, ensuring an HNT uptrend until the price resides above the EMA’s.

Trading volume (986.560 K) is above the 20-day moving average (502.837 K). The volume is high and increasing, so the cost is moving upside. Investors may also notice an increase in volume. This indicates that unusual fluctuations are standard on the following trading days.

HNT Coin Testing The Resistance Zone

HNT coin daily price charts show an uptrend. Based on the price action, the support range is $15 $18. On the flip side, the resistance area you should be looking for is $24 – $26.Therefore, the chart shows an inverted hammer candlestick pattern during the day.

The RSI showed a 71 (Overbought) signal, Expecting to buy in the short term. Investors may find that the RSI line is sloping up on the indicator. It may arise in the coming trading days.

The MACD shows a (bullish) cross above the signal line on October 26th, indicating a buy signal for the currency. In addition, investors can see green bars in the histogram indicator.

Conclusion

Helium is now priced at $25.60 on a 24-hour trading volume of $67,459,670. HNT prices have increased 7.9 percent in the past 24 hours. The current supply is 100 million HNT coins, and the total supply is 223 million.

RSI and MACD indicate a buy signal. Traders have directed high volume. In fact, the cost has reached the resistance zone. A market overview also shows that this pattern will continue to rise in the coming trading days.

Resistance Level: $24- $26

Support Level: $15- $18

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.