Based

bullish

Overnight

Bitcoin

Helium

<p>The post <a href="https://coinpedia.org/price-analysis/hnt-price-to-face-10-hurdle-before-a-2x-bull-run/">HNT Price To Face $10 Hurdle Before A 2x Bull Run?&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The broader market volatility increased overnight as Bitcoin fell 2%, and the long liquidations spiked to almost $100 million last night. Amid increasing volatility, the HNT price continues to soar against the bearish tide with a 12% surge.&nbsp;</p> 
<p>With a bullish engulfing candle, <a href="https://markets.coinpedia.org/helium/">Helium</a> eyes a breakout run for a new 52-week high this week. Is this the upcycle to buy for a breakout rally beyond $10? Let’s find out.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-hnt-price-ignites-overnight-bull-cycle-nbsp">HNT Price Ignites Overnight Bull Cycle&nbsp;</h2> 
<p>With a market cap of $1.14 billion, Helium ranks #59 in the crypto market. However, as a top performer in the broader market recovery, the<a href="https://coinpedia.org/price-prediction/helium-price-prediction/"> HNT price </a>eyes the $10 breakout this year.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" width="1600" height="796" src="https://image.coinpedia.org/wp-content/uploads/2024/08/27132403/image-468.png" alt="Helium Price Analysis 27th Aug 2024" class="wp-image-343075" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/27132403/image-468.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/08/27132403/image-468-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/27132403/image-468-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/27132403/image-468-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/27132403/image-468-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/08/27132403/image-468-150x75.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure> 
<p>The daily logarithmic chart of the HNT price reveals a falling channel breakout in the near term. With a bullish trend over the past 45 days, the altcoin has increased by 127% since July 12th.&nbsp;</p> 
<p>The growth in bullish influence has resulted in a golden crossover between the 50-day and 200-day exponential moving averages. Based on the Fibonacci level, the channel breakout rally is consolidating between the 78.60% and 61.80% Fibonacci levels.&nbsp;</p> 
<p>In terms of price action levels, the consolidation extends from $6.22 to $7.684. Overcoming the recent negative cycle, the HNT price has increased 12.29% overnight and currently trades at $7.08 with 1.30% intraday growth.&nbsp;</p> 
<p>As the bullish trend continues, the bulls may shortly challenge the overhead resistance for a breakout rally. The uptrend in the daily RSI line also continues, bolstering the chances of a breakout rally.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-crucial-levels-for-helium">Crucial Levels for Helium</h2> 
<p>Based on the Fibonacci level, the upcoming resistances are at 100% and 1.618 levels at $10.053 and $21.847, respectively. Conversely, the 50% and 38.20% Fibonacci levels will help sustain the breakdown rally. The said Fibonacci levels are at $5.365 and $4.626, respectively.</p>

HNT Price To Face $10 Hurdle Before A 2x Bull Run?

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