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Helium Price Analysis: Will HNT Crypto Price Test The Lower Support?

  • Helium price is currently in a supply zone and can soon see a breakdown below the price. In contrast, it has seen a loss of more than 11% in the intraday session.
  • Technical indicators of HNT suggest a consolidation in the price for the future. Meanwhile, HNT/BTC pair has seen a loss of more than 5% in the intraday session.

HNT crypto price is currently observing a downside momentum and can soon hit the next support in the future. Helium coin price has seen a loss of more than 11% in the past 24 hours and is trading near the value of $40.25. It has an ROI of more than 75824% and has benefitted various people in the past. The asset price downside trend can soon see a new low in the future. The upside momentum of HNT can soon see a reversal in the future. One can forecast a strong bullish trend in the future.

HNT token market dominance and the market cap is seeing a bearish trend and can soon see a low in the future. The coin can soon see a strong upside momentum in the future . The volume of the coin has been seeing a downside momentum and can soon see a new low. One can invest in Helium according to their needs and risk capacity.

Bears Of HNT Crypto Price May Push It To Lower Level

Source: Trading view

Helium coin price weekly technical chart suggests a strong consolidation in the price and can soon see a new low. It has observed a loss of more than 11% in the weekly technical chart. On coming to the daily chart the coin price is in a downtrend. The upside momentum of HNT may face a hostility near $50. Meanwhile, the support of the asset can see a bounceback near $35. The coin has been moving above 50 and 100 Daily Moving Average. The 100 DMA price is near $33, which acts as a support of the price. There is a bearish pattern formed in the daily chart and can soon see a new high. If the price falls 15 to 20% below the current level then a downside momentum can be seen. HNT/BTC pair can see a new low in the future

Conclusion

Helium coin price has been seeing a downside momentum and can soon hit the next support in the future. HNT/BTC pair can also see a new low in the future

Technical Levels

Major Resistance: $50
Major Support: $30

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Adarsh Singh: Adarsh singh is an Stock market and financial market advisor trader with background in Engineering. He specialises in Technical Analysis while possessing strong computational skills.