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- The Helium price has defended the 200-day EMA and surged by 66% in August.
- Its RSI has generated a golden crossover, which may result in buying pressure.
The Helium (HNT) price has performed positively for the last quarter of 2023. Besides, the token gained around 500% till February 2024. The bullish trend was interrupted near the $10 mark, and profit booking occurred. Thus, the Helium price has witnessed a correction phase of 70%.
HNT token’s price has performed negatively since March, and the bearish trend has halted near the $3 mark. At the beginning of July, buyers showed interest and lifted the price by 120%,. Thus, it surpassed the key moving averages within a 2-month period.
The HNT price has triggered a pullback in the daily time frame. It took support on the 20-day EMA and thus reached the recent swing high. A bullish spark might help in gaining bullish momentum. Moreover, the HNT buyers may try to chase the $10 mark.
Can the Helium Price Claim the $20 Level by Q1 2025?
AMCrypto (@AMCryptoAlex) has tweeted that the Helium price chart looks strong. He believes the token may witness solid bullish momentum in a longer time frame. The token burn is also taking place, which may positively impact the HNT price.
$HNT Price Update
— AMCrypto (@AMCryptoAlex) September 1, 2024
– 1st leg up and correction ✅
– DePIN narrative with real-world use case
– Token burn is happening too.
IMO, HNT to $20 by Q1 2025 is realistic. pic.twitter.com/ERVmADRubm
In a weekly time frame, the Helium crypto price has been rising by smashing the last swing highs and has formed a bullish bat pattern. The buyers were riding for the second leg, which may lift the price near the $20 mark.
Helium Crypto Price Overview
The Helium crypto was traded at $7.30 at press time. It has increased by 1.35% in the past 24 hours. The market capitalization was $1.17 Billion, and the 24-hour trading volume was $21.56 Million.
Helium Crypto Price Technical Analysis Over 1-D Timeframe
The HNT price has witnessed strength for the past few months and has recovered this year’s losses. The recent bullish momentum was halted near the $8, but sellers could not dominate. The Helium price eventually bounced back.
The crypto asset price has developed a pullback and has managed to defend the 20-day exponential moving average (EMA). It can be a buying opportunity if the price surpasses the last swing high. Suppose the trading volume supports this momentum, strong buying momentum might be possible. Besides, the price may reach the $10 mark within a week.
On the other hand, buyers might panic if the HNT crypto price faces resistance from the last swing high. Suppose it slips below the 20-day EMA and sustains, sellers might dominate and drag the price to the 200-day EMA level.
The RSI has generated a bullish crossover with the RSI-based moving average. It also showcases the bullish forecast. The HNT price traded over the key moving averages at the time of writing, indicating the bullish momentum.
Helium Price Forecast
The Helium price has remained bullish for the past few months, triggering a pullback. It has overcome the key moving averages, which showcases the bullish momentum.
The buyers have dominated since July and have lifted the price by 120%. If the price surpasses the last swing high, strong buying momentum can be possible. Thus, the price can chase the $10 mark pretty smoothly.
Technical Levels
The HNT crypto price is expected to face resistance from the $8.00 and $10.00 mark. The bearish trend may halt near the $6.00 and $4.00 levels.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
