Convergence

Rally

Bitcoin

Helium

Spot

<img width="1200" height="578" src="https://coingape.com/wp-content/uploads/2023/12/NgzSkfha-e1703440011594.png" class="attachment-full size-full wp-post-image" alt="HNT price" decoding="async" style="float:right; margin:0 0 10px 10px;">
Helium is making waves after a long hibernation phase and ranking in the top performers. With the growing signals of a new bull run in 2024, the YTD growth of 391% the Altcoins eyes the $10 mark. This sharp increase in demand suggests a potential uptrend continuation with a price action pattern teasing a prolonged rally. 
Also Read: <a href="https://coingape.com/here-what-happened-to-bitcoin-crypto-market-in-2023/">Here’s What Happened To Bitcoin &amp; Crypto Market In 2023</a> 
<h2 id="b-will-market-correction-delay-the-helium-run-to-10-b">Will Market Correction Delay The Helium Run To $10</h2> 
<ul> 
 <li style="font-weight: 400;" aria-level="1">A long-tail rejection candle on December 23rd reflects the buyers continue to accumulate at market dips</li> 
 <li style="font-weight: 400;" aria-level="1">A healthy retracement in Helium price hints the overall trend remains bullish</li> 
 <li style="font-weight: 400;" aria-level="1">The intraday trading volume in Helium is $47.5 Million, indicating a 29% gain.</li> 
</ul> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/n/NgzSkfha.png" alt="Helium Price Prediction" width="1946" height="937">
 <figcaption class="wp-caption-text">
 Helium Price Prediction| TradingView Chart
 </figcaption>
</figure> 
Making a rounding recovery in a long time frame, the <a href="https://coingape.com/price/helium/">Helium price</a> signals a trend reversal after months-long hibernation. Finding the excessive momentum in the Altcoin season, the price of Helium skyrocketed 416% in the past three months.&nbsp; 
With the recovery phase forming a rounding bottom, the price action analysis signals a trend continuation. Supporting the trend reversal, the rising trend in trading volume signals a peaked bullish interest.&nbsp;&nbsp; 
With a 375% jump to test the neckline, the bullish breaks extended the uptrend by 78%. However, the uptrend takes a short-term pullback from the $9 mark resulting in a 39.6% correction.&nbsp; 
<blockquote>
 With a successful retest of $6.8, the lower price rejection reflects a bullish drive in Helium. Currently, the HNT price trades at $7.58 with an intraday growth of 1.93%.&nbsp;
</blockquote> 
If the Helium price rebounds from its current position, this could indicate a revitalization of the previously waning bullish momentum, potentially laying the groundwork for the next stage of recovery.&nbsp; 
Therefore, the bounce back in Helium can propel the HNT price higher to cross $10 and reach the $12.57 mark.&nbsp; 
<h2 id="strong-helium-s-potential-surge-in-2024-breakout-signals-strong">Helium’s Potential Surge in 2024 &amp; Breakout Signals&nbsp;</h2> 
Beyond the short-term correction, the long-term movement and dynamics support the bullish trend continuation possibility for helium. With anticipations high around bitcoin having a bullish 2024 due to halving and <a href="https://coingape.com/price/helium/">Spot ETF approval</a>, Altcoins like Helium are expected to gain momentum. Furthermore, the breakout of key levels notches up the credibility of a bull run per technical analysis.&nbsp; 
<ul> 
 <li aria-level="1">Exponential Moving Average (EMA): The Helium price bounces from the 20-day <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/">EMA</a> with a successful retest.&nbsp;&nbsp;</li> 
 <li aria-level="1">Moving Average Convergence Divergence: A potential bearish crossover between the <a href="https://coingape.com/glossary/macd-moving-average-convergence-divergnece/">MACD</a>(blue) and signal(orange) lines could accelerate selling pressure.</li> 
</ul> 
The post <a href="https://coingape.com/markets/helium-price-prediction-healthy-retracement-hints-hnt-rally-to-chase-12-5/">Helium Price Prediction: Healthy Retracement Hints $HNT Rally to Chase $12.5</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Helium Price Prediction: Healthy Retracement Hints $HNT Rally to Chase $12.5

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