•HNT/USD is currently priced at $1.55 and has decreased by 5.23% over the past day
•The trading volumes have increased by 0.88% over the past day
•The technical indicators suggest a bearish outlook for the near term
Short Term View: Helium Crypto Price left in a bind
The Helium Crypto price today is $1.55 USD with a 24-hour trading volume of $2,490,758 USD. Helium crypto is down 5.23% in the last 24 hours. The trading volumes have remained stable over the past day whereas the Volume to Market Cap Ratio stands at 0.01185 for the altcoin.
Helium Crypto has been one of the better performing assets over the past year but looks to be ending the year on a sour note. The bears have gained ascendancy in the market which has resulted in Helium Crypto Price transacting below the 20,50 SMA on the four hour chart. The support level placed at $1.50 is of utmost importance to the bulls and one which they need to defend with their dear lives in order to lessen the impact of the losses. The resistance, on the other hand, is placed at $1.60 for the altcoin and bulls need to make sure to climb above this level in order to stage a comeback.
Long Term View for Helium Crypto Price
The RSI for Helium Crypto is currently on a downward spiral and seems headed towards the oversold territory rapidly. It is currently transacting at 33.24 and continues to make strides whereas the green histograms have become redundant on the daily chart and have given way over to a bearish crossover on the daily chart. This demonstrates the underlying bearishness aptly as the MACD and signal lines continue to transact in the negative zone.
Conclusion
Helium Crypto bulls have been unable to douse the bearish flame as the bears have gained more and more ground upon them. The next couple of days will provide us with an insight into the future course of the coin.
Support: $1.50-$1.40
Resistance: $1.60-$1.70
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.