Helium Price Analysis: Will HNT again Showcase its Potential?


  • HNT’s intraday volume stands at $25,625,428.00.
  • Helium’s EMA(10) shows a upward trend.
  • Helium has a medium term resistance at $5.02.
  • In terms of HNT support floor, it is now $4.27.

25 April 2024 : In this article we will walk you through Helium price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Helium, Is HNT a good investment? Helium support & resistance levels etc. But before diving deep into the HNT technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,381,021,498,961. The total trading volume stands at $84,675,223,960. Bitcoin shares 53.31 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price dropping down to $64,478.04 level after a decline of -3.48%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price decrease of -2.16 percent reaching to $3,165.12 during the previous 24 hours.
While publishing this blog, BNB traded at $607.21, following a price change of 0.3% within the same time frame. SOL the native coin of Solana is down by -6.09 and currently trading at $148.56. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

Helium Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Helium (HNT)

HNT Resistance Levels HNT Support Levels
Resistance Level 1 $4.78 Support Level 1 $4.27
Resistance Level 2 $5.02 Support Level 2 $4.01
Resistance Level 3 $5.29 Support Level 3 $3.77

Helium Performance

The daily chart of Helium shows that the HNT price has surged up with a 9.94% increase in past 24 hours. The price value of the Helium (HNT) coin is standing at $4.88 with market capitalization $785,175,422.00 USD. HNT price changes -19.22% over the week while the trading volume is hovering around $25,625,428.00 USD.

Helium Price Analysis

HNT price analysis for 25 April 2024 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Helium.

Moving Averages Price Indicator
Simple Moving Average (10) 4.54 Buy
Exponential Moving Average (10) 4.56 Buy
Simple Moving Average (20) 4.80 Buy
Exponential Moving Average (20) 4.78 Buy
Simple Moving Average (50) 4.71 Buy
Exponential Moving Average (50) 4.70 Buy

While HNT’s Williams %R indicator is at -69.632 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The MACD line is standing below of the signal line after a crossover. Helium investors need to wait for any directional change over the daily chart. RSI implying near oversold phase while trading at 36 and is trying to break out of the bearish zone. Helium successfully breaks its first resistance level of $4.78. Now HNT has a nearest resistance of $5.02. A bullish breakout in this resistance level would boost the uptrend momentum. The buyers could then target the upper resistance placed at $5.29.

Conclusions

HNT price is moving in sideways direction. The battle between the bulls and the bears can result in moving the coin price in either direction. However, The investors are waiting for Helium to make a one directional move to make a good entry in the market.