Helium

Date: Mon, Sept 16, 2024, 06:38 AM GMTThe cryptocurrency market is facing some <a href="https://coinsprobe.com/crypto-market-faces-pressure-as-fomc-meeting-looms-kas-fet-and-tao-lead-declines/" rel="noopener noreferrer nofollow">bearishness</a> as investors anticipate the outcome of the upcoming Federal Open Market Committee (FOMC) meeting. This has caused a wave of selling pressure, with the broader market seeing red candles at the start of the week. Bitcoin (BTC) dropped below the $60,000 mark, currently trading at $58,721, reflecting a 2.38% daily decline.However, Helium (HNT) the <a href="https://coinsprobe.com/web-stories/top-10-iot-cryptocurrencies-to-watch-out-for-bull-run/" rel="noopener noreferrer nofollow">IoT-Token</a>, has defied the market&#39;s bearish trends with an impressive surge of &#43;2.63% over the past 24 hours. As of now, HNT is trading at $7.40, with a market capitalization of $1.18 billion, showing strong resilience amid broader market losses.Crypto trader <a href="https://x.com/best_analysts/status/1835552737213239512" rel="noopener noreferrer nofollow">&#64;best_analysts</a> took to the X platform (formerly Twitter) to share insights on HNT&#39;s recent performance. According to the analysis, Helium rallied from $3.46 to a high of $8.67 and is now targeting $11 as its next resistance level.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/50ed22ccab62427083f29c91e11ef5e4.png" />Credits: &#64;best_analysts (X)The trader highlighted that HNT has strong support at the 21-day Exponential Moving Average (EMA), but there’s a risk of a correction to $5 if that support fails.While HNT is showing strong momentum, the next few days will be crucial to see if it can maintain its upward trajectory or face a potential correction. Investors should watch the support levels closely as the market adjusts to macroeconomic pressures.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.Related Article: <a href="https://coinsprobe.com/crypto-market-faces-pressure-as-fomc-meeting-looms-kas-fet-and-tao-lead-declines/" rel="noopener noreferrer nofollow">Crypto Market Faces Pressure as FOMC Meeting Looms; KAS, FET, and TAO Lead Declines</a>

Helium (HNT) Marks Significant Gains, Approaching $11 with Risk of $5 Correction

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