CandleFocus Helium price could enter beast mode, technicals suggest
2024-12-15
Author: Content Editor
Helium (HNT), the leading player in Decentralized Public Infrastructure, has experienced a three-day rally, reaching a crucial resistance level of $9.520. The rally can be attributed to the increasing open interest in the futures market, with interest rising to over $11 million. Additionally, the number of burned HNT tokens has been steadily increasing, indicating strong demand for the network. The recent community vote on phasing out rewards for Citizen Broadband Radio Service on the Helium Network has further fueled the rally. If HNT breaks above the resistance level, it could see further gains, potentially reaching $11 and even $20.
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