Helium

The post <a href="https://coinpedia.org/price-analysis/hnt-price-aims-to-extend-the-17-jump-to-cross-10/" rel="noopener noreferrer nofollow">HNT Price Aims To Extend The 17% Jump To Cross $10</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Following the dropdown move from the height of $9.60, the HNT price continues to showcase immense buying pressure at lower levels. Further, the bullish reversal projects a potential double bottom reversal with the dynamic support of the 50-day EMA. Under such conditions aligned perfectly for a bullish comeback, will HNT price reach the $10 mark?
Moreover, with the market giving healthy signals of recovery as the GBTC outflows take a pause, the altcoins are ready for a comeback. As the Helium price is ready to skyrocket, check out our <a href="https://coinpedia.org/price-prediction/helium-price-prediction/" rel="noopener noreferrer nofollow">HNT price prediction</a> to find out will the HNT price reach $100.
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="483" src="https://image.coinpedia.org/wp-content/uploads/2024/01/25143036/image-140-1024x483.png" alt="" class="wp-image-264250" srcset="https://image.coinpedia.org/wp-content/uploads/2024/01/25143036/image-140-1024x483.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/01/25143036/image-140-300x142.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/01/25143036/image-140-768x362.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/01/25143036/image-140-1536x725.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/01/25143036/image-140-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/01/25143036/image-140.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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Source – <a href="https://www.tradingview.com/x/j86AFize/" rel="noopener noreferrer nofollow">Tradingview</a>
With a boost in the intraday trading volume reaching the 676K mark, the HNT price makes a huge bullish engulfing candle. Leading to a price jump of 17%, Helium continues the higher low formation and sustains dominance above 50-day EMA.
Moreover, the recent bounce-back presents a pattern similar to the double-bottom increase in the bull run possibility. With a neckline at the $7.50 mark, the breakout of this pattern can prolong the recovery rally to the $10 psychological mark.&nbsp;
Currently, the HNT price trades at $6.990 and takes a short pause following the huge jump. Moreover, Helium completes a morning star pattern formation at a crucial level of support and high demand. Therefore, the bullish comeback possibility is increasing for the altcoin.
Technical indicators:&nbsp;
RSI Indicator: The daily RSI line shows a sharp spike to cross above the halfway line and smolders off into a sideways shift. Despite that, the sudden increase in trend momentum supports the recovery thesis.&nbsp;
<h2 class="wp-block-heading" id="h-will-hnt-price-cross-the-10-mark">Will HNT Price Cross The $10 Mark?</h2>
In the 1D chart, the HNT price showcases a huge bullsih engulfing candle and displays a potential double bottom pattern. Further, the recovering market conditions may soon skyrocket Helium to a new 52-week high if the momentum sustains.&nbsp;
The sideline traders can find the $7.50 breakout as the decisive bull run signal that could test the $10 peak. Optimistically, the breakout beyond $10 can result in a longer uptrend for the altcoin.&nbsp;
On the flip side, a reversal might retest the 50-day EMA.

HNT Price Aims To Extend The 17% Jump To Cross $10

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