Helium

<ul class="list-ic vertical">
 <li><span>1</span> <a>Social metrics indicate a decrease in Helium’s popularity, with reduced activity and engagement on platforms like X (Twitter) and Telegram.</a></li>
 <li><span>2</span> <a>Despite a recent increase in volume, the price struggles to maintain current levels due to consistent selling pressure.</a></li>
</ul>
<p>The Helium chart shows the relationship between the HNT token’s volume and price. The price has been in a downtrend for quite a long time on the chart in 2024. The volume is also unsustainable, causing the HNT price to deteriorate gradually.&nbsp;</p>
<p>The recent chart shows a spike in volume, highlighting that, in the overall bearish pressure, bulls are trying hard to hold their ground but are failing, and the current price is barely holding. More push from the seller’s side could break the current support and could lead to more falls.</p> <iframe loading="lazy" title="Santiment Chart: Price (HNT), Volume (HNT)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=helium&amp;pt=HNT&amp;df=2023-12-25T18%3A30%3A01.565Z&amp;dt=2024-03-26T18%3A29%3A59.565Z&amp;sat=shchcfg_N-DkoZNG3-jS&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%3B" scrolling="no"></iframe>
<p>Moreover, the social dominance, including Twitter Helium news, social volume (including active users of Telegram and Twitter), and Twitter followers, shows a downside trajectory; there is also a downtick in active users and Twitter chatter. These metrics confirm that helium was popular earlier but is gradually losing its charm among its users.</p> <iframe loading="lazy" title="Santiment Chart: Social Volume (HNT), Social Dominance (HNT)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=helium&amp;pt=HNT&amp;df=2023-12-25T18%3A30%3A01.565Z&amp;dt=2024-03-26T18%3A29%3A59.565Z&amp;sat=shchcfg_N-DkoZNG3-jS&amp;emcg=1&amp;emhwm=1&amp;wm=social_volume_total%3Bsocial_dominance_total&amp;wax=0%3B1&amp;wc=%2368DBF4%3B%23FF5B5B&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>Similarly, the OI data analysis represents the total number of open contracts in the<a href="https://www.thecoinrepublic.com/2024/01/10/a-bounce-back-occured-in-the-helium-crypto-price-what-next/" target="_blank" rel="noopener noreferrer nofollow"> Helium crypto</a> asset. Likewise, the above chart from the Santiment website displays the price movement with respect to the Open Interest contracts. The OI data analysis saw a significant jump in the number of open contracts by the first week of March, and the HNT price followed up the OI data and witnessed an excellent advancement.</p>
<p>However, the last couple of weeks saw a decrease in the open contracts, which has also dragged the HNT price down. The number of open contracts has decreased from almost 10.95 million in the first week of March to 7.24 Million in the recent trading sessions.&nbsp;</p> <iframe loading="lazy" title="Santiment Chart: Total Open Interest in USD (HNT), Price (HNT)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=helium&amp;pt=HNT&amp;df=2023-12-25T18%3A30%3A01.565Z&amp;dt=2024-03-26T18%3A29%3A59.565Z&amp;sat=shchcfg_N-DkoZNG3-jS&amp;emcg=1&amp;emhwm=1&amp;wm=total_open_interest%3Bprice_usd&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%2326C953&amp;ws=%3B" scrolling="no"></iframe>
<h2 class="wp-block-heading" id="strong-can-helium-price-hnt-keep-hitting-lows-strong"><strong>Can Helium Price (HNT) Keep Hitting Lows?</strong></h2>
<p>On a closer look at the daily chart of Helium crypto assets, it came into sight that the price rose at the start of the year 2024 and went all the way to high up to $11.0. After meeting the top resistance, the price started losing ground and violated the uptrend by making lower lows and highs in the process.</p>
<p>At press time, the price is trying to hold on to the current price level at $6.250 with a fraction of a gain of 0.13% on the daily chart.</p>
<p>The present scenario highlights that if the buyers lose more ground, the $6.00 support level, the price will drop back to the 2024 yearly start price.</p>
<p>On the flip side, if the volume, OI, and social awareness start to increase abruptly, the price might swap the scenario in its favor and could continue advancing toward the $8.00 hurdle, and breaching that would lead to a retest of the supply level at $11.0</p>
<p>Looking at the indicators on the Helium daily chart, the EMAs are rejecting its value from its dynamic resistance. The RSI is declining by following the 14-SMA lead, and MACD is below the zero line. It confirms that the major outlook is favoring the bearish cause on the daily chart.</p> 
<p><a href="https://in.tradingview.com/chart/HNTUSD/0bH8AR1M-Helium-crypto-asset/" rel="noopener noreferrer nofollow"></a> by <a href="https://in.tradingview.com/u/Sam_TCR/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The Helium (HNT) token’s performance in 2024 shows a prolonged downtrend in price, accompanied by unsustainable volume, leading to a gradual decline in value. Despite a recent increase in volume, the price struggles to maintain current levels due to consistent selling pressure.</p>
<p>Moreover, its Social metrics indicate a decrease in Helium’s popularity, with reduced activity and engagement on platforms like Twitter and Telegram. Open Interest (OI) data reflects a similar trend, with a significant drop in open contracts from 10.95 million to 7.24 million, further contributing to the price fall.</p>
<p>The daily chart reveals that after peaking at $11.0 earlier in the year, HNT’s price has been making lower lows and highs, indicating a bearish trend. Currently, the price hovers around $6.250, with a slight gain. If the price falls below the $6.00 support level, it could revert to the year’s starting price.</p>
<p>Conversely, if there’s a sudden increase in volume, OI, and social awareness, the price may rise towards the $8.00 resistance level and potentially retest the $11.0 supply level. Technical indicators like EMA, RSI, and MACD suggest a bearish outlook, aligning with the overall negative trend observed in the HNT market.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $6.0</p>
<p><strong>Resistance Levels</strong>: $8.0</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Will the Helium Crypto Price Sustain & Rise or Keep Lowering?

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Thecoinrepublic.com

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