The Helium price has maintained its value above the $8.5 mark amid increased price volatility in the cryptocurrency market. Moreover, with a Year-to-Date (YTD) return of 27.59%, this altcoin has secured the 85th position with a market capitalization of $1.503 billion.
Will this altcoin maintain its bullish price action and achieve a new 52-week high this month? Or is a correction imminent? Let’s understand the short-lived price analysis of the Helium (HNT) crypto token.
The Helium price has added 8.36% to its portfolio in 24 hours with a trading volume of $59.31 million. Moreover, it has surged 35.17% over the past seven days and 42.76% during the past 30 days. This suggests a long-term bullish price action for the altcoin.
The Relative Strength Index (RSI) is on the path of breaching the overbought range in the daily time frame. Moreover, its average trendline records a constant rise, suggesting that the altcoin may continue gaining value this week.
Furthermore, the EMA 50-day displays a significant uptrend in its daily time frame. With the 200-day EMA recording a similar price trend, the Helium price hints at a strong bullish outlook during the upcoming time.
If the bulls continue to maintain the bullish sentiment, the Helium price will retest its resistance level of $9.510. Moreover, if the bearish sentiment intensifies, this could push the price of the HNT token toward its ATH price of $11.070.
On the flip side, if a bearish trend reversal occurs, the Helium price will retest its support level of $8.010. If the bearish sentiment intensifies, this could pull the HNT coin price toward its low of $6.525.
Are you wondering about the long-term price prospects of the HNT token? Read our Helium Price Prediction to uncover the possible future mysteries!
During the time of writing, the value of 1 HNT token was $8.857.
Yes, Helium (HNT) mining is available.
The ATH of the HNT token is $55.22 and was recorded on 13th November 2021.
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