Resistance

Helium

<ul class="list-ic vertical">
 <li><span>1</span> <a>Helium crypto price is trading at $6.076 with a drop of 0.07% in the last 24 hours with a current market cap of $978.12 Million.</a></li>
 <li><span>2</span> <a>Helium crypto price decreased by 5.71% over the past seven days.</a></li>
</ul>
<p>Helium (HNT) represents a decentralized network built on blockchain technology, tailored for the Internet of Things (IoT) devices. Initiated in July 2019, its mainnet facilitates communication and data exchange among low-energy wireless devices via a distributed network of nodes.&nbsp;</p>
<p>These nodes, termed Hotspots, serve dual functions as wireless access points and blockchain mining apparatuses. Operators of these Hotspots can mine and accrue Helium’s proprietary cryptocurrency, HNT.&nbsp;</p>
<p>The inception of Helium aimed to rectify the shortcomings of the current IoT framework by emphasizing a decentralized structure and enhanced connectivity features.</p>
<h2 class="wp-block-heading" id="strong-technical-analysis-of-helium-crypto-strong"><strong>Technical Analysis of Helium Crypto&nbsp;</strong></h2> 
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<p>The current price of Helium’s cryptocurrency (HNT) highlights weakness as it has lost the gains made below the key moving averages. Additionally, the buyers could not maintain momentum and started to exit their positions, leading to a decline in the cryptocurrency’s price.</p>
<p>Helium crypto has been in a downtrend for the past months, forming lower highs and lower lows patterns, and facing resistance from the upper trendline, which prevented it from breaking out of the trend. The price action indicates that Helium crypto has been under selling pressure, and the buyers have been passive. On the other hand, the sellers have a strong advantage and continue to make short positions.</p>
<p>At press time, <a href="https://www.thecoinrepublic.com/2024/02/24/helium-crypto-can-hnt-crypto-show-a-colossal-surge-next/" rel="noopener noreferrer nofollow">HNT crypto</a> was trading at $6.076 with an intraday minor loss of 0.07% breaking below the key EMAs, showing bearishness on the charts. Moreover, the intraday trading volume is 31.58K. The market cap of HNT crypto is $978.12 Million.</p>
<p>Over a week, HNT crypto has experienced a decrease of approximately 5.71%, and this decline has been seen in the course of a month also, reaching around 32.37%. Looking back over three months, crypto has dropped by about 11.62%, showing weak performance.</p>
<p>Helium crypto is currently trading below the 50-day and 100-day EMAs, which are not providing support to the price trend. However, the price could break below major support levels and move lower if selling pressure increases.</p>
<p>The RSI indicator is currently at 36.77, which is in the neutral zone. However, the 14-day SMA is above the RSI curve, which is a bearish signal.</p>
<p>Additionally, the super trend indicator is also pointing towards the weakness in the price as it is currently red. Overall, the technical indicators suggest that Helium crypto is bearish in the short term. However, if it can stay at the $50 level, it could continue to rise in the long term.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>Helium (USD: HNT) technical oscillators also support the bearish trend. The MACD, RSI, and EMAs are emphasizing negative signs and imply that the downtrend may continue in the HNT crypto price. Helium price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support Levels: $5.323</p>
<p>Resistance Levels: $7.016</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>This article is for informational purposes only and does not provide any 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 own research before making any financial decisions.</p>

Helium Crypto Price Forecast: Will HNT Crypto Rebound In 2024?

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Thecoinrepublic.com

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