- HELIUM Price Prediction concludes a market run by extreme fear as HNT Trades near all-time-low
- HELIUM Token dumped 86.36% in the last one year.
HELIUM Price Prediction highlights the effect of a strong bear market where HNT Price had to test its allt-time of $1.17. HELIUM Coin is trading at $1.37. The Market is up 14.40% in 24H. The 24H Volume witnessed a jump of 454%. The overall market cap of HNT Coin is $196,693,649.
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HELIUM Price Prediction: A Bearish consolidation !
The daily chart displays a market driven by extreme fear as HNT Token tests the all-time low. Helium Crypto is under a strong bearish influence and has lost almost 96% of its value from the all-time high of $41. Investors are worried as the prices don’t show any major signs of recovery .
HELIUM Price Prediction provides an insight into the falling prices of HELIUM . The majority of the participants are the investors who are trapped after buying at higher prices and are looking for a decent price to exit. This is adding to the sell pressure and becomes the reason for the continuous fall.
Lack of momentum ! : Technical Indicators
The 4H Chart is telling a different story which shows a sudden rise of interest of the buyers from the extreme lows. The big spikes in the volume candle displays that buyers are getting active and trying to hold the support of $1.17. The price crossed the 200 EMA along with 9 and 15 EMA.
If the recovery continues, HNT Crypto will encounter hurdles at $1.55 and $1.97. It won’t be easy to clear these levels as it is filled with a large number of sell orders. Bulls may have to come in strong to break these resistances. Such an event will add to the possibility of the price reaching $3.6.
RSI: The RSI indicator is currently at 63.79 on the 4H. Price has reached a bullish territory and the market may continue to rise.
MACD: The MACD made a bullish crossover while ascending above the 0 line. This indicates at bullish momentum
200 EMA: As observed, on the 4hr, the price is trading above the 200 EMA(exponential moving average) which acts as a significant support.This is a clear indication of an uptrend where the buyers are in control and for a trend reversal, the price must break and trade below the 200 EMA..
Summary:
HELIUM Price Prediction highlights the effect of a strong bear market where HNT Price had to test its allt-time of $1.17. HNT Crypto is trading near in the depths which makes it scary but looks like an opportunity for some. The price once reached 41$ which is almost 40 times from the current price. This may attract some investors. It is necessary to follow risk management and scale up only if the prices rise.
Technical levels
Support Levels: $1.174- Support 1
Current Price: $1.37
Resistance Levels: $1.55 – Resistance 1
$1.97 – Resistance 2
Disclaimer:
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Dr. Naveen Singh is an entrepreneur with achievements in sports, academics, healthcare, innovation, blockchain technology, telecommunications, and philanthropy. He is the Co-Founder and Chief Executive Officer (CEO) of Inery, the first layer-1 blockchain programmed for database management. With Inery, he aligns with his vision of a new paradigm for data to empower web3 and complete decentralization.