Despite increased price volatility in the crypto market over the past few weeks, the Helium price has recorded a strong bullish outlook. This highlights the increasing interest of investors in this altcoin.
With this, questions like “Will HNT price hit $10?”, “How high will Helium price go?”, and “Does HNT have a future?” are on a constant rise.
In this article, we have uncovered the market sentiments, price action, and short-term price targets of the Helium (HNT) crypto token.
HNT Price Forms An Ascending Channel Pattern
With a jump of approximately 10% over the past seven days, the Helium price has successfully retested its support trendline of the ascending channel pattern. Notably, this altcoin has been trading within this trend pattern since July. This highlights a rising bullish influence for the HNT crypto in the market.
Moreover, it has surged 48.26% during the past month and has a Year-to-Date (YTD) return of +6.40%. Further, with a market capitalization of $1.204 Billion, this project has secured 58th position in the global cryptocurrency list.
The SMA indicator has experienced a positive crossover in the 1D time frame. This indicates a bullish outlook for the Helium coin price in the coming time.
The Moving Average Convergence Divergence (MACD) has displayed a constant decline in the red histogram with its averages recording a high possibility of a bullish convergence. This highlights an increase in buying pressure for the altcoin in the crypto market.
Will Helium Go Up In Price?
If the market continues gaining momentum, the HNT price will test its resistance level of $8.010. Further, if the bulls hold its value above that level, this altcoin will prepare to head toward its upper resistance level of $9.510.
On the flip side, if a bearish reversal occurs, the Helium token will retest its support level of $6.525. Moreover, if the bears gain power, it will plunge toward its lower support level of $5.155.
Also, read our IOTA (MIOTA) Price Prediction 2024-2030
