Based

Rally

bullish

Helium

The post <a href="https://coinpedia.org/price-analysis/hnt-price-eyes-15-as-golden-cross-prolongs-bullish-rally/" rel="noopener noreferrer nofollow">HNT Price Eyes $15 as Golden Cross Prolongs Bullish Rally</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Being a high-performing coin over the last few weeks, the HNT price shows resilience during the bear market. Overcoming the minor hiccups, the Helium price trend reversal gains momentum and surpasses the $7 mark. Will the bullish trend in this Solana-based altcoin result in a price jump to $15 this quarter?
<h2 class="wp-block-heading" id="h-helium-buyers-face-opposition-at-7-30">Helium Buyers Face Opposition At $7.30</h2>
With a market cap of $1.41 Billion, Helium is on the verge of entering the list of top 50 cryptos based on market cap. Considering the bullish performance, the general market sentiment on the <a href="https://coinpedia.org/price-prediction/helium-price-prediction/" rel="noopener noreferrer nofollow">HNT price prediction </a>eyes $10 this year.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd2b7vzb1wKs3SZ_ZDB-V9HqiZbSR8fyuBogY9QXRGVM0npTsVwJeUdmUvuwwsowF_CNE9NnRqnn6uJYpfIbVF-Cv8c3-dj1cahRJco8yp2elVFz24iqxhHLVxybGJFs7hJG4sAl8ck6Ooe0BFKgLM5fDUK?key=3bvAKuuI3dz8b2BS0qxp4g" alt="">
</figure>
<a href="https://www.tradingview.com/x/mS7ytbfQ/" rel="noopener noreferrer nofollow">TradingView</a>
Over the last 36 days, the HNT price has increased 133% from the base level of $3.065 to the current market price of $7.144. Currently, the uptrend in Helium shows an intraday gain of 6.44%, forming a bullish engulfing candle. This completes a morning star pattern at the baseline of $7.
 Based on the Fibonacci levels, the uptrend in the HNT price is stuck between the 50% Fib level at $6.458 and the 61.80% Fib level at $7.306. With the recent morning star, the breakout chances for Helium have increased, signaling a potential bullish extension.&nbsp;
Technical Indicators:
RSI: The daily RSI line hits the overbought boundary with the ongoing bull run. However, the minor correction leads to a sideways shift to prolong the uptrend.&nbsp;
EMA: The golden crossover in the 50D and 200D EMA bolsters the bullish trend in action. Further, the 100D EMA crossing above the 200D EMA adds another buy signal for Helium.&nbsp;
<h2 class="wp-block-heading" id="h-where-is-hnt-price-headed">Where Is HNT Price Headed?</h2>
Using the Fibonacci levels, the $7.306 breakout will be a trend-decisive move in Helium. With the sideline traders anticipating a bull run to $10, a surge in broader market recovery will propel the uptrend to the 100% Fib level at $10.053.
Optimistically, a bullish trend extension can eye the 1.618 Fib level at $14.49, a 102% surge. On the flip side, the support levels are at $6.458 and $5.610 at the 50% and 38.20% Fib levels, respectively.

HNT Price Eyes $15 as Golden Cross Prolongs Bullish Rally

Table of Contents

CoinPedia News

Other articles published on Aug 17, 2024

2024’s Crypto to Watch: BlockDAG CEO Unveils Bold New Ventures as Bitcoin and Ethereum Struggle

Next Cryptocurrency to Explode Saturday, August 17 — UNUS SED LEO, Amp, TRON, Bitget Token

Ripple CTO Breaks Silence on Major XRP Ledger Misconception: Details

ETH Price Analysis: Is Ethereum on the Verge of Another Crash Below $2.5K?

Trump’s Pussy (TRUMPPUS) Solana Memecoin Will Rally 18,000% Before Exchange Listings, While Shiba...

Raise and WalletConnect Collaborate to Revolutionize Gift Card Purchases with Crypto

Join our free newsletter for daily crypto updates!