- 1 Helium price prediction suggests HNT might be one of the outperforming crypto in 2024.
- 2 HNT price is up by 80% in November and momentum is still intact.
- 3 Helium crypto price displayed a steep recovery.
Helium price prediction suggests HNT crypto may outperform in 2024. The view stays highly bullish for coming months till it sustains above $2.00.
HNT price showed a steep recovery from the lows and broke out of the $2.00 hurdle. It triggered the positive sentiment and added fuel to the upward momentum. Meanwhile, buyers succeed to hold the price above both the EMAs showcase uptrend.
The 50 day EMA is preparing to intersect the 200 day EMA which shows strength in the recent up move. If the crossover happened then prices may hit new swing highs.
From the beginning of November, HNT prices began to recover by forming higher high candles. But the trading volume remains low and does not correlate with the prices. It indicates that up move is supported by short term buyers as well as few long term investors.
Recently, after the $2.00 breakout the sudden rise in trading volume is visible. Therefore, the analysis says the smart money has entered HNT near $2.00. So, it is likely to act as a strong support in the coming months.
Currently, Helium price is trading at $2.705 with an intraday rise of 0.33%.
Helium Price Analysis: Is it a Good Time to Invest in HNT?
Source: HNT/USDT daily chart by Tradingview
Helium price prediction says bulls will lead the rally and continue the positive momentum.
HNT crypto prices had woken up after a two months long consolidation. So it seems like it is a good time to invest for the long run.
However, the token price looks mildly overstretched so it might show minor retracement or consolidate for some time in the narrow range. If the prices retrace down to the 50 day EMA then new participants may look to enter and easily absorb the sell off.
The analysis suggests, HNT price is inside the buyers radar and it may soon trade above $3.00 level.
HNT Price Turned Bullish on a Weekly Chart
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HNT price formed doji near $1.500 and roses for the six consecutive weeks. The token price has also turned bullish on a weekly chart. It shows that price is getting ready for a massive up move so investors and traders may look to play bullish bets.
The next sharp rise will be visible when buyers are able to break out of the $3.384 hurdle.
The MACD curve slopes upward and the histogram bar is forming green bars. It indicates bullish momentum is likely to continue. Whereas, the RSI at 77 denotes highly overbought territory so a minor correction may arrive anytime.
Conclusion
Helium price prediction stays bullish for 2024 till it sustains above $2.00 level. It suggests HNT might become one of the outperforming crypto in upcoming years. So, it seems like it is a good time to invest in HNT and participate in the rally.
Technical levels
- Resistance levels: $3.384 and $4.000
- Support levels: $2.000 and $1.353
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Ritika Sharma
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
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