CandleFocus Helium (HNT) Price Sees Recovery, Can It Retest $8?
2024-10-19
Author: Content Editor
The HNT price experienced a significant drop in October but has shown signs of recovery in the past two days, surging by 12%. This rebound is supported by the 200-day EMA on the daily chart. The price surge is attributed to Helium's strategic partnerships aimed at enhancing its ecosystem, including a partnership with Ameriband and being featured in a report by a16z crypto. Despite the recovery, the price remains below its all-time high and faces resistance around the $8 mark. The Helium ecosystem has seen positive developments, with increasing demand and growth in network usage.
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