Convergence

bullish

Helium

Divergence

The post <a href="https://coinpedia.org/price-analysis/helium-hnt-price-rallies-50-eyes-to-hit-10-this-september/" rel="noopener noreferrer nofollow">Helium (HNT) Price Rallies 50%! Eyes To Hit $10 This September?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Despite increased price volatility in the crypto market over the past few weeks, the Helium price has recorded a strong bullish outlook. This highlights the increasing interest of investors in this altcoin.
With this, questions like “Will HNT price hit $10?”, “How high will Helium price go?”, and “Does HNT have a future?” are on a constant rise.
In this article, we have uncovered the market sentiments, price action, and short-term price targets of the Helium (HNT) crypto token.
<h2 class="wp-block-heading" id="h-hnt-price-forms-an-ascending-channel-pattern">HNT Price Forms An Ascending Channel Pattern</h2>
With a jump of approximately 10% over the past seven days, the <a href="https://coinpedia.org/price-prediction/helium-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Helium price</a> has successfully retested its support trendline of the ascending channel pattern. Notably, this altcoin has been trading within this trend pattern since July. This highlights a rising bullish influence for the HNT crypto in the market.
<figure class="wp-block-image"><img decoding="async" width="1435" height="757" src="https://image.coinpedia.org/wp-content/uploads/2024/08/29170515/image-551.png" alt="HNT price analysis 29th aug 2024" class="wp-image-344304" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/29170515/image-551.png 1435w, https://image.coinpedia.org/wp-content/uploads/2024/08/29170515/image-551-300x158.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/29170515/image-551-1024x540.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/29170515/image-551-768x405.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/29170515/image-551-150x79.png 150w" sizes="(max-width: 1435px) 100vw, 1435px">
</figure>
Moreover, it has surged 48.26% during the past month and has a Year-to-Date (YTD) return of +6.40%. Further, with a market capitalization of $1.204 Billion, this project has secured 58th position in the global cryptocurrency list.
The SMA indicator has experienced a positive crossover in the 1D time frame. This indicates a bullish outlook for the Helium coin price in the coming time.
The Moving Average Convergence Divergence (MACD) has displayed a constant decline in the red histogram with its averages recording a high possibility of a bullish convergence. This highlights an increase in buying pressure for the altcoin in the crypto market.
<h2 class="wp-block-heading" id="h-will-helium-go-up-in-price">Will Helium Go Up In Price?</h2>
If the market continues gaining momentum, the HNT price will test its resistance level of $8.010. Further, if the bulls hold its value above that level, this altcoin will prepare to head toward its upper resistance level of $9.510.
On the flip side, if a bearish reversal occurs, the Helium token will retest its support level of $6.525. Moreover, if the bears gain power, it will plunge toward its lower support level of $5.155.
Also, read our <a href="https://coinpedia.org/price-prediction/iota-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">IOTA (MIOTA) Price Prediction 2024-2030</a>

Helium (HNT) Price Rallies 50%! Eyes To Hit $10 This September?

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