thecoinrepublic.com
- 1 Helium price prediction suggests a rise in the long term if certain conditions are met.
- 2 HNT price is trying to climb above the 50-day and 200-day EMA.
- 3 Helium price is stuck in a narrow range.
Helium price prediction is bullish for the long term till it sustains above the $0.1319 support. HNT price is stuck in a narrow range between $0.13500 to $0.16000 and shows signs of base formation.
Helium price is trying to climb above the 50-day EMA to reverse the short-term trend. Buyers are active and preparing for the attempt of the breakout.
In mid-September, HNT crypto witnessed a massive spike in the buying volume. But prices did not react much and stayed in the range. It indicates that some genuine investors are accumulating the crypto at lower levels.
Helium price has not performed well in the past few months and disappointed the expectations of long-term investors. However, at present, the price is near the long-term demand zone so the downfall might take a halt.
Helium price is trading at $1.4636 with an intraday rise of 0.42%. The 24-hour volume to market cap is 0.34%.
The pair of HNT/BTC trades at $0.00005208 with an intraday decline of -1.49%. The price pattern of both the pairs looks quite similar so if any of the pair recovers then it may positively impact the other.
Will Helium Price Show Recovery by 2023 End?
Helium price prediction suggests a rise in the coming months. Buyers are successfully defending the support and trying their best to rebound. If the overall crypto market recovers, then HNT price and other altcoins may be positively impacted.
Till the HNT price is sustained above $1.2000, the possibility of the upward range expansion remains high. However, the buyers will gain confidence and the price will pick up momentum when bulls succeed in breaking out of the $1.7594 hurdle.
The analysis suggests that the HNT price has consolidated a lot and time for reversal is arriving soon.
HNT Price Look Oversold
HNT price looks oversold on a daily, weekly, and multiple time frame. Bears seem to be losing momentum and failing to pull the price further down. So, short sellers may look to exit due to which the risk of a squeeze is also high.
The MACD curve slopes upward and the histogram bar is green indicating the presence and strength of the bulls. The RSI at 50 slopes sideways denoting neutral territory and an equal level of tug-of-war between buyers and sellers.
Conclusion
Helium price prediction is bullish for the next few months till it sustains above the $0.1319 level. HNT crypto price has consolidated a lot and formed a strong base so the downside risk is low.
The technical analysis suggests if the HNT price climbs above both the EMA, then the probability of reaching $1.00 will increase.
Technical Levels
- Resistance levels: $1.7594 and $2.0000
- Support levels: $1.2000 and $1.1319
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.