coinedition.com
Helium price analysis shows signs of an unptrend today as the buying momentum is seemingly intensifying. The price covered an increasing movement during the day, as more buyers are investing in cryptocurrency. Currently, the coin value stands at $1.87 high, and chances of further uptrend seem near. Although the price underwent a sharp decline at the start of the week, the bulls have secured their wins for now.
The HNT price is currently supported by a few key support points, which have kept the coin afloat. The most important of these include the $1.73 support level, which has kept the price from falling further. The resistance level at $2.04 has also been a key factor in the current bullish momentum.
At present, HNT is trading within a tight range and it has been consolidating for quite some time. The trading volume for HNT has increased significantly to $12 million over the past 24 hours, indicating that more investors are eager to get involved with the coin. With market capitalization at $251 million, HNT price is expected to grow further in the near future.
For now, it’s safe to say that the bulls are in control of the market as the technicals point to a strong bullish trend. The Moving Average (MA) value is at $1.59. The MACD is currently bullish, as expressed in the green color of the histogram. However, the indicator shows high bullish momentum as observed in the deeper green color.
The RSI has been trading in the overbought zone, which further confirms the dominance of the bulls. Therefore, we can be optimistic about the future of the HNT price as it continues to flash green signals.
The four-hour Helium price analysis gives the lead to the bulls as the price followed an upward curve in the past few hours. The 50-MA and 100-MA are crossing over each other in a bullish crossover, indicating a strong uptrend. Furthermore, the 200-MA is also trading above the current price, indicating a bullish market.
The RSI is trading at 65.10 and it has been consistently hovering in the same range since yesterday’s close. The MACD is also trading in the bullish zone and has been increasing since yesterday’s close. In addition, the Signal line is also trading above the MACD line, indicating a bullish trend.
To sum up, the market sentiment for HNT is bullish and the upward trend looks set to continue in the near future. The technical indicators are all pointing to a strong uptrend, which is likely to be maintained in the coming days.