Helium (HNT) Shows Buy Signal, Targets Key Resistance
- Helium’s TD Sequential buy signal suggests a possible bullish reversal from $3.10.
- Inflows above $1.5M have historically triggered price rebounds and accumulation.
- RSI near oversold at 33.11 hints at a potential HNT trend reversal above 40.
Helium (HNT) is currently trading near a key support level of $3.10, which is the lower boundary of a parallel channel. Analyst Ali Martinez notes that the TD Sequential indicator has given a “9” buy signal on the 3-day chart. Historically, similar signals at important price levels have led to strong upward moves.
If the support holds, HNT could see a notable price recovery, with potential resistance at $4.90 and possibly even extending toward $7.50. But, a breakdown below $3.10 might lead to further declines, with the next major support at $2.20.
HNT’s Recent Market Behavior
HNT is currently priced at $3.34, reflecting a 5.92% increase in the last 24 hours. Despite this short-term gain, the token has dropped 24.38% over the past week. Its 24-hour trading volume stands at $14.81 million, with a circulating supply of 180 million HNT.
This gives Helium a market capitalization of approximately $591.75…
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Helium (HNT) Shows Buy Signal, Targets Key Resistance
- Helium’s TD Sequential buy signal suggests a possible bullish reversal from $3.10.
- Inflows above $1.5M have historically triggered price rebounds and accumulation.
- RSI near oversold at 33.11 hints at a potential HNT trend reversal above 40.
Helium (HNT) is currently trading near a key support level of $3.10, which is the lower boundary of a parallel channel. Analyst Ali Martinez notes that the TD Sequential indicator has given a “9” buy signal on the 3-day chart. Historically, similar signals at important price levels have led to strong upward moves.
If the support holds, HNT could see a notable price recovery, with potential resistance at $4.90 and possibly even extending toward $7.50. But, a breakdown below $3.10 might lead to further declines, with the next major support at $2.20.
HNT’s Recent Market Behavior
HNT is currently priced at $3.34, reflecting a 5.92% increase in the last 24 hours. Despite this short-term gain, the token has dropped 24.38% over the past week. Its 24-hour trading volume stands at $14.81 million, with a circulating supply of 180 million HNT.
This gives Helium a market capitalization of approximately $591.75…
The post Helium (HNT) Shows Buy Signal, Targets Key Resistance appeared first on Coin Edition.
Read More