- The Helium Coin (HNT) registered a gain of over 19% in the last 24 hours after a massive drop.
- Bears again turned aggressive on the 20-day moving average on the daily price scale.
- Trading volume increased by 2000% in yesterday’s surge.
After sliding below a dropping parallel channel in the daily price scale, the Helium currency continues to decline. During the market correction, buyers have lost numerous critical hedging levels, including 6.5 and 5.0. As a result, he witnessed the most recent 52-week low of $3.18 on September 6, 2022.
Sellers began selling in HNT coins after observing a Shooting Star candlestick on the weekly time frame, after six strong bearish weekends. After yesterday’s big increase, HNT is currently 15.2% in the Green Zone this week.
The 20-day moving average stood to be an immediate bullish hurdle and buyers got rejection at this level in intraday trading sessions. Thus, the HNT coin is trading lower, while it is trading at $5.0 Mark at the time of writing against the USDT. Moreover, the pair price of the HNT coin along with the Bitcoin pair is up 14% at 0.0002591 Satoshis.
Due to last night’s gain, the market cap was recorded at $627 Million in the last 24 hours but bulls may see the $700 Million worth if they sustain a price above 20-DMA on the daily price chart. Buyers observed extremely offensive last night as Trading volume increased by 200%.
Trading Volume Hiked by 200% Last Night
The daily RSI rose above the oversold zone. It may reach the semi-line soon. Notably, MACD is about to generate a bullish crossover.
Conclusion
Helium Crypto (HNT) has recovered from a six-day loss in yesterday’s trading session. Now the 20-day moving average is showing immediate resistance. Above this hurdle, buyers can see a further rally of around 40%.
Support level- $3.0 and $2.5
Resistance levels- $5.0 and $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 financial investment or other advice. Investing in or trading crypto assets comes with a risk of financial loss.