Based

Helium

<p>OrangeXBT, a prominent analyst, shared with his followers on X <a href="https://captainaltcoin.com/how-did-dead-helium-hnt-outperform-all-top-altcoins/" target="_blank" rel="noopener noreferrer nofollow">that Helium is delivering</a> on its promises, suggesting that HNT’s price could be on the verge of a substantial breakout.&nbsp;</p>
<p>Based on his analysis of Fibonacci retracement levels, OrangeXBT predicts that HNT’s price may experience a tenfold surge from its current value of $7.71.</p>
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<h2 class="wp-block-heading" id="hnt-chart-analysis-fibonacci-levels-indicate-major-resistance-zones">HNT Chart Analysis: Fibonacci Levels Indicate Major Resistance Zones</h2>
<p>OrangeXBT’s HNT chart shows key Fibonacci levels that could act as crucial resistance points <a href="https://captainaltcoin.com/helium-hnt-price-among-top-crypto-gainers-10-target-next/" target="_blank" rel="noopener noreferrer nofollow">for Helium’s price</a>. The 1.618 Fibonacci extension is the first target at $88.70, a substantial increase from the current price of $7.71. This level often indicates where prices tend to rally after surpassing previous highs.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="584" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-12-1024x584.png" alt="" class="wp-image-559921" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-12-1024x584.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-12-300x171.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-12-768x438.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-12-1536x876.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-12-2048x1168.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-12-263x150.png 263w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-12-100x57.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-12-614x350.png 614w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-12-788x449.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-12.png 1036w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/OrangeXBT/status/1840909995128275300" target="_blank" rel="noopener noreferrer nofollow">X/OrangeXBT</a></em></strong>
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<p>Should the bullish trend continue, the next potential resistance levels are $142.82 and $196.94, based on the 2.618 and 3.618 extensions. These levels suggest that Helium’s rally could have room to run even after the $88.70 target is reached. The highest possible extension outlined on the HNT chart is $230, aligning with OrangeXBT’s bullish prediction of a 10x surge.</p>
<h2 class="wp-block-heading" id="helium-s-price-action-and-market-outlook">Helium’s Price Action and Market Outlook</h2>
<p>At its current price of $7.71, HNT is trading well below these potential resistance levels. However, the chart suggests that HNT’s price could begin testing these zones if the market remains favorable.<br><br>The first major hurdle to watch for is $55.25, the 2x extension level, which could act as a short-term target before testing the $88.70 resistance.</p>
<p>According to OrangeXBT, a 10x return could be possible <a href="https://coinmarketcap.com/currencies/helium/" target="_blank" rel="noopener noreferrer nofollow">if Helium’s price</a> breaks through key resistance points. The analysis indicates that the move to these higher levels may take time, with the chart suggesting a 105-day timeframe for significant price action.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/analyst-highlights-next-key-levels-for-injective-inj-as-rally-continues-anticipates-100-price-surge/" target="_blank" rel="noopener noreferrer nofollow">Analyst Highlights Next Key Levels for Injective (INJ) as Rally Continues, Anticipates 100% Price Surge</a></em></strong></p>
<h2 class="wp-block-heading" id="helium-s-long-term-potential-with-real-world-utility">Helium’s Long-Term Potential with Real-World Utility</h2>
<p>OrangeXBT emphasized Helium’s real-world utility, noting that it continues to deliver on its promises. Helium powers a decentralized wireless network that supports various IoT devices, adding practical value to the token.&nbsp;</p>
<p>This utility, combined with favorable technical patterns, could drive the price upward, especially as more users adopt Helium’s network.</p>
<p>Furthermore, the state of the market continues to affect the trajectory of Helium’s price; nonetheless, given its technical prowess and practical applications, Helium may be a promising long-term growth prospect. Investors are closely monitoring whether or not to break through the upcoming significant resistance levels.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/helium-hnt-price-primed-for-breakout-could-230-be-next/" rel="noopener noreferrer nofollow">Helium (HNT) Price Primed for Breakout – Could $230 Be Next?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Helium (HNT) Price Primed for Breakout – Could $230 Be Next?

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