Helium Price Prediction: With This Retest, HNT Eyes 40% Hike

The post Helium Price Prediction: With This Retest, HNT Eyes 40% Hike appeared first on Coinpedia Fintech News

With a strong bullish trend continuing in the daily chart, the HNT price is displaying a periodic rise in underlying demand. As buyers fuel the uptrend, the Helium price projects a longer run in the coming weeks. 

Further, amidst the market turning green this Valentine’s week as Bitcoin touches $50,000, the Helium price is skyrocketing with the rest of the altcoins. In this turn of bullish events, will HNT price cross the $10 mark for a jump beyond $12? 

Will HNT Price Cross $10?

Sounding the bells of a bull run, the HNT price is making higher highs in the daily chart. Bouncing from the confluence of the 50-day EMA and the ascending trendline, the Helium price trend is up by 34% in the last seven days. 

Source- Tradingview

Leading to multiple bullish consecutive candles, the HNT rising trend breaks above the peak of $9. With the Fibonacci trend-based reversal signaling a bullish reversal, the reversal rally challenges the 61.80% Fib level. 

Currently, the HNT price trades at $9.081 with an intraday drop of 1.99% as a retest of the recent breakout. With this retest, the sideline traders can find an entry point before the bull run to $12.39.

• ADX indicator: The ADX line in upswing shows a rising trend in momentum for Helium while the VI lines represent a bullish trend in motion. 

Should You Buy Helium Before This Breakout?

As the overall market signals a season of bull run in altcoins, the HNT price is well placed for a sharp move on the upside. With a dominant uptrend in the daily chart and the monthly jump of 21% in February, the rest of the two weeks anticipate a high-speed long jump. 

Considering the uptrend crosses $10, the Helium price can reach the $12.39 mark, accounting for a 40% hike. On a more positive note, the uptrend continuation can reach the $15 mark in early March.