Boost

Rally

Million

Resistance

Helium

<ul class="list-ic vertical"> 
 <li> 1 <a>Volume has surged significantly, reinforcing the potential for a continued upward trend for HNT traders and investors.</a> </li> 
 <li> 2 <a>The breakout of the bullish pattern suggests a potential upward trend, with the Helium asset displaying strong bullish indicators on its charts.&nbsp;</a> </li> 
</ul> 
The Helium Crypto experienced a bullish trend from the first week of November 2023, rising from the support level of $1.0 to a high of $11.0, where the candle closed at $10.0 by 15th February 2024. 
However, from the third week of February 2024, the Helium price plummeted and ended up in a downward wedge, violating the earlier uptrend.&nbsp; 
Despite this fall, the Helium crypto has shown signs of recovery as the price rebounded from a significantly developed support level of around $3.50 on the chart. The breakout of the falling wedge pattern suggests that Helium Crypto may start an upward trend by breaking the resistance level and reaching new peaks from its current price level.&nbsp; 
The Helium asset begins a spectacular rise as it displays a strong bullish urge in its strength by forming back-to-back bullish candles during daily sessions on its charts. It has also remained above the significant 20-day and has been approaching the 50-day EMA band from below.&nbsp; 
The MACD 20-day EMA, approaching the 50-day EMA from below, also indicates a robust bullish crossover, with a histogram at 0.210, the MACD line at -0.326, and the signal line at -0.536.&nbsp; 
Additionally, the RSI is moving higher with a more substantial speed, which indicates that the Helium crypto asset is not in the overbought zone yet, as it is at 55.83 and can maintain its upward direction.&nbsp; 
Overall chart analysis shows that the Helium crypto asset exhibits bullish characteristics and may reach higher levels by continuing its ongoing breakout on the daily chart. It also displayed exemplary performance the previous week, with a 30.78% increase, indicating a robust upward spike and the potential to retest the supply level at $10.0.&nbsp; 
As of press time, the Helium crypto is trading at $5.310, with an intraday gain of 3.01%, a 24-hour trading volume of 64.47 million, and a market capitalization of 836.71 Million. If the price continues to attract more buying interest, it could achieve higher targets at $8.0 and $10.0. However, if the price fails to sustain support at $3.50, price gains may decline and hit lower support levels.  
<a href="https://in.tradingview.com/chart/HNTUSD/hOs17Ekl-the-Helium-crypto-asset-exhibits-bullish-characteristics/"></a><a href="https://in.tradingview.com/u/Sam_TCR/"></a><a href="https://in.tradingview.com/"></a>  
<h2 class="wp-block-heading" id="strong-helium-price-vs-volume-analysis-strong">Helium Price Vs. Volume Analysis</h2> 
According to the latest analysis, Helium cryptocurrency has observed a significant surge in trading volume, with a staggering $22.64 Million in volume received, an impressive 187.34% increase compared to the previous day.&nbsp; 
Detailed price vs. volume charts also indicate a sharp rise in HNT volume and <a href="https://www.thecoinrepublic.com/2024/04/28/mantle-crypto-price-prediction-will-mnt-change-the-game-in-2024/" target="_blank" rel="noreferrer noopener">price</a>, indicating that the ongoing trend may continue soon.&nbsp; 
The current market metrics are backing the ongoing price surge on the daily chart. These metrics are making the breakout of the falling wedge pattern appear even more promising, which is a positive sign for HNT traders and investors. <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=2023-09-04T00%3A00%3A00.000Z&amp;dt=2024-04-27T18%3A29%3A59.598Z&amp;sat=shchcfg_7sUbTiF1Gact&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> 
<h3 class="wp-block-heading" id="strong-summary-strong">Summary</h3> 
The Helium Crypto saw a bullish trend from November 2023 to February 2024, reaching a high of $11.0 before plummeting and forming a downward wedge. However, it has since shown signs of recovery, rebounding from a support level of $3.50. The breakout of the falling wedge pattern suggests a potential upward trend, with the asset displaying strong bullish indicators on its charts.&nbsp; 
The MACD and RSI also indicate a bullish trend, with room for upward movement. The asset’s performance the previous week showed a 30.78% increase, hinting at the potential to retest the $10.0 supply level. The current price is $5.310, with room for gains to $8.0 and $10.0 if buying interest continues.&nbsp; 
Volume has surged significantly, supporting the ongoing trend. The market metrics are also favorable, reinforcing the potential for a continued upward trend for HNT traders and investors. 
<h4 class="wp-block-heading">Technical Levels</h4> 
Support Levels: $3.50 
Resistance Levels: $8.0 
<h4 class="wp-block-heading">Disclaimer</h4> 
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.

Can Helium Crypto Boost a Rally and Claim a Higher Price Level?

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Thecoinrepublic.com

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