Token

bullish

2024

Helium

<p>Helium (HNT) price has registered a sharp bullish reversal from the bottom and surged over 75% this week. The buyers have gained traction and succeeded in recording a breakout.</p> 
<p><a href="https://www.thecoinrepublic.com/price-prediction/helium/">HNT </a>was making bullish waves and ranking among the top performers this week. With the growing signals of a breakout rally, the Helium token has displayed a sharp demand resurgence. That suggested a potential uptrend continuation ahead.</p> 
<p>With buying interest returning gradually in the crypto market, Helium was preparing to extend the ongoing breakout rally. It strives to reach the $10 mark shortly. When writing, it formed a double bottom around the $3 mark and accumulated from there.</p> 
<p>Amidst the significant volatility in the market, the Helium token price crossed the $5 mark and registered a seven-day winning streak. It closed on a positive note, signifying the heightened buying interest.</p> 
<h2 class="wp-block-heading" id="h-the-helium-hnt-token-price-at-press-time"><strong>The Helium (HNT) Token Price at Press Time</strong></h2> 
<p>The Helium token price traded at $6.84 with an intraday surge of 14.30% at press time. It reflected buying momentum on the charts. Its trading volume rose over 41% to $49.39 Million, conveying the rising investor optimism for HNT.</p> 
<p>Moreover, the token crossed the LDO, FTM, RUNE, and many more tokens and jumped to the 59th position in terms of the market cap. With a total supply of 97.70 Million, Analysts have projected their bullish guidance and suggested a massive bullish rally ahead.</p> 
<h2 class="wp-block-heading" id="h-helium-seems-poised-for-a-sharp-up-move-is-10-mark-on-the-cards"><strong>Helium Seems Poised for a Sharp Up Move: Is $10 Mark on the Cards?</strong></h2> 
<p>On the one-day chart, the HNT price made a rounding bottom formation and displayed a significant recovery in the past few sessions. In addition, during the second half of July, a falling wedge breakout was recorded.</p> 
<p>This week, a sharp accumulation along with volume participation was seen, and a golden crossover was spotted on the chart, giving a solid conviction for the upcoming price surge.</p> 
<p>The follow-on buying momentum conveyed that buyers looked confident and were willing to chase the uptrend ahead.</p> <iframe loading="lazy" title="Santiment Chart: Price (HNT), Volume (HNT)" width="800" height="425" src="https://embed.santiment.net/chart?ps=helium&amp;pt=HNT&amp;df=2024-02-11T00%3A00%3A00.000Z&amp;dt=2024-08-10T18%3A29%3A59.343Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe> 
<p>Beyond the short-term price pullback, the long-term structure was bullish. Moreover, the token might continue its bullish trend above the $8 mark. After a four-month correction, the shift in the price action and a fresh demand resurgence were noted.</p> 
<p>The Relative Strength Index (RSI) curve saw a positive divergence and noted a bullish crossover.&nbsp;</p> 
<p>JAVON<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;">MARKS (@JavonTM) a renowned analyst and strategist, tweeted that the HNT token has recorded a bullish breakout and is ready for a significant rally ahead.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24HNT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$HNT</a> (Helium) has displayed a bullish breakout of the secondary setup and a massive upside looks to be in-effect!<br><br>Prices, with a larger breakout holding, can be in pursuit of the $52.76 target and an additional +651% increase could be on the way! <a href="https://t.co/5iKwRTpC0a">https://t.co/5iKwRTpC0a</a> <a href="https://t.co/P6zesU44nS">pic.twitter.com/P6zesU44nS</a></p>— JAVON
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;">MARKS (@JavonTM1) <a href="https://twitter.com/JavonTM1/status/1822058642566209656?ref_src=twsrc%5Etfw">August 9, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The CMF indicator had a positive reading of 0.12, revealing strong buying pressure. It also displayed a trend reversal, signaling a continuation of the up move ahead.</p> 
<h2 class="wp-block-heading" id="h-total-liquidations-saw-a-sharp-change"><strong>Total Liquidations Saw a Sharp Change</strong></h2> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="278" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-100-1024x278.png" alt="Liquidation Data&nbsp; Source: Coinglass" class="wp-image-658707" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-100-1024x278.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-100-300x82.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-100-768x209.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-100-150x41.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-100-696x189.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-100-1068x290.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-100.png 1409w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  <strong>Liquidation Data&nbsp; Source: Coinglass</strong>
 </figcaption>
</figure> 
<p>When writing, the short liquidations were noted at $17.7k, while the long liquidations were at $1k, representing a bullish sentiment among the investors.</p> 
<p>If the Helium price accumulates more gains, it may reach the resistance mark of $7.80, followed by the $8.30 mark ahead.</p> 
<p>On the other hand, if the token price sees any retracement ahead, it may retest the immediate support zone of $6, followed by the $5.20 mark in the short term.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/08/11/helium-hnt-price-on-the-rise-can-it-achieve-10-this-month/">Helium (HNT) Price On The Rise: Can It Achieve $10 This Month?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Helium (HNT) Price On The Rise: Can It Achieve $10 This Month?

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