- The HNT token price has consistently advanced over the last one month.
- The Helium token outperformed 85% of the top 100 crypto assets in the last 1 year.
The Helium Token experienced bullish sentiment. The fear and greed index indicated neutrality among investors. Despite this, the crypto price volatility was high, resulting in 17.22%.
The value of the traded volume for the Helium Token has advanced by 172% over the last 24 hours from press time. It resulted in a traded volume of $29.20 Million, which shows a larger engagement of traders in crypto.
The market cap of Helium has also been rising recently and has advanced by 12.4% in the last 24 hours. Helium also had a very good market presence, with a market cap dominance of 0.05% in the global cryptocurrency market.
The Helium token had relatively lower liquidity, followed by a volume/market cap ratio of 2.52%. This showed the amount of the market cap traded in the last 24 hours.
There are 160.875M HNT Tokens in circulation, similar to the token’s maximum supply. Moreover, the token’s total supply was 223.0M HNT, and the fully diluted market cap was $1.138B.
Helium Token Derivatives Data Analysis
Over the last 24 hours, the Helium token witnessed higher long liquidations worth $0, against which the short liquidation was valued at $21.32K. This showed higher profit booking from shorts in the token.
The token’s derivatives trading volume has also advanced by 477% over the last 24 hours following the open interest. It has also witnessed an advance of 68%. The following surge in the open interest showed that traders have made more positions in the crypto derivatives.
HNT Token Technical Analysis
At press time, the HNT token’s daily chart showed the formation of several bullish candles in succession. This indicated a strong bullish bias in the market, with a prevailing sentiment that favors further upward movement in the token’s price.
The Helium (HNT) token underwent steady profit-taking over 150 days, ultimately finding support at lower levels in early July 2024.
This prolonged decline in price led to the formation of a descending triangle pattern on the chart. However, HNT eventually broke out above this pattern, sparking a significant surge in its value within just a few days.
Helium Token Technical Indicator Analysis
The 50-day and the 200-day EMAs formed a golden cross, following which the token price also sustained above the EMAs. This exhibited a strong bullish character in the token price, followed by a consistent surge in EMAs over time.
HNT/USD Chart by TradingView
The HNT token price broke above the bearish Average True Range value and sustained above the same following an uptrend.
The MACD and the signal line further traded in the bullish trajectory, followed by a golden crossover. This exhibited a strong bullish trend in the token price.
The RSI further sustained above the 50-level and followed a bullish cycle as it hit the overbought zone recently.
The HNT token price might take support at $2.90 and $4.20, followed by the resistance levels of $8.0 and $10.30.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
