CandleFocus

Can Helium (HNT) Overcome Resistance and Hit Fresh Peaks?

Author: Content Editor
The cryptocurrency Helium (HNT) has experienced a significant price increase, rising by 11.48% in the past 24 hours and reaching a trading volume of $104.75 million, up by 322.24%. This surge in price has also resulted in an 11.52% increase in Helium's market capitalization, which now stands at $1.62 billion. The market activity and investor interest in Helium are strong, with a market cap ratio of 6.12%. The price of Helium faces resistance at $9.50, but if this level is broken, the next resistance could be at $10.00. On the downside, strong support can be found at $8.00. The Relative Strength Index (RSI) shows bullish momentum, but the price is not yet overbought. The moving average indicators suggest upward momentum, and a recent bullish crossover indicates the potential for further gains. The Chaikin Money Flow (CMF) confirms positive capital inflows into Helium, with buyers dominating the market. If Helium can sustain its price above $9.50, it could target $10.00, but a failure to break resistance may lead to pullbacks towards $8.00. Overall, the technical indicators point to continued upward momentum for Helium.

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