•HNT/USD is currently priced at $9.42 and has increased by 4.49% over the past day
•The trading volumes have increased by 19.16% over the past day
•The technical indicators suggest a continuation of the bullish momentum
Short Term View: Helium Crypto is in a tussle to gain a foothold in the market
The Helium crypto price today is $9.42 USD with a 24-hour trading volume of $8,435,294 USD. Helium crypto is up 4.49% in the last 24 hours. The trading volumes have increased over the past day whereas the Volume to Market Cap Ratio stands at 0.007339 for the altcoin.
Helium Crypto Price reached its all-time high of $55.22 on Nov 12, 2021, but the asset was not able to carry over the momentum into the new year. Currently, it is in the middle of an upswing as Helium Crypto Price trades above the 20,50 SMA on the 4-hour chart. The continuation of the uptrend could propel the coin towards the resistance placed at $9.70. On the other hand, the support level for the asset resides at $9.20 in the event of a false breakout.
Long-Term View for Helium Crypto
The technical indicators for Helium Crypto are pointing towards an increase in buying pressure. The RSI has crossed the halfway mark and is currently transacting at 50.65. The RSI line is showing divergence from the 14-day average line as Helium Crypto bulls plan to make up for the lost momentum. A bullish crossover has been observed on the daily chart which is a major boost for the bulls. The development of the green histograms further provides ammunition to the investors to continue the upward trajectory.
Conclusion
The Helium Crypto price action shows a high possibility of the prices continuing to rise as the uptrend gains momentum. In a nutshell, the Helium Crypto technical analysis shows an increased possibility of a breakout rally. Hence we are likely to see prices continuing to rise in the near future.
Support: $9.20-$9
Resistance:$9.70-$10
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.