HNT price fell in double digits in the weekly and monthly time frame.

The downtrend created a FUD amongst the investors of Helium.

Helium price fell by about 50% in over a month, indicating an overpowering bearish trend in the HNT price action. The crash is attributed to the network confirming to delay its transition to Solana, pushing it back to April 18. While that decision was hard enough to shift investor sentiments, delisting of HNT from a leading exchange might have spread the wild fire.

The HNT delisting led to FUD and bulk liquidity outflows. This crash in HNT price induced panic sell-offs by investors, further pushing the price down. The delisting of HNT, prevents it from accessing large amounts of liquidity that would have otherwise been feasible, contributing to several reasons for a slow recovery.

HNT Price Analysis

Source: HNT/USDT by TradingView

HNT price crashed by 10.36% in the past week and 49.65% in over a month. The volume shows panic sell-offs made by investors. The falling HNT price may take support at $1.25 and plan for a future rally. The combined effect of delisting and delayed transition has pushed HNT price in bear territory.

The RSI moves about the 30-range to show sellers’ dominance in the market. The MACD moves displays positive divergence, recording buyer action, but can anytime turn negative as the lines are closely knitted. The bearish indicators hint at a delayed rectification on the downtrend. An uptrend is predicted near the transition, but the new date may witness a weaker rally.

HNT Dip by the End of 2023

HNT is currently valued at $1.36, marking an all-time low for Helium. If the price forms a rally, it may find a spot near $3.5, almost 2.5 times the current value. So if investors bought 100 HNT tokens at the trading price of $1.36, by the time prices reach $3.5, the investment will gain 2.5 times. The investment of $136, 100 HNT for $1.36 each, will value around $360. This will give an ROI of 164.71% over a year’s time.

Conclusion

Bears can hunt for HNT price dip, and wait for the rally near the shift to Solana. The current crash is a combined result of HNT delisting and delayed transition. The investors are provoked to execute a panic selling due to the continued fall in the price of Helium. The support near $1.25 could prove to be a solid support, and mark the commencement of a rally.

Technical levels

Support levels: $1.25 and $1.00

Resistance levels: $2.50 and $3.50

#HNT #Helium #Binance #crypto2023 #crypto

Despite market uncertainty, HNT price demonstrates steady recovery.Helium's recent launch of a $20/month nationwide phone plan bolsters momentum. The plan provides users with an unrestricted and cost-effective mobile experience, attracting attention.
According to Coingabbar Technical Analysis, Helium coin's recovery is characterized by a rounding bottom, signaling a likely continuation of the trend.The recovery phase began in November, with a rebound from the $4.2 mark.On December 23rd, a long-tail rejection candle emerged, indicating ongoing buyer accumulation during market dips.A healthy retracement in Helium's price contributes to the overall bullish trend outlook.A significant breakthrough occurred as the coin surpassed a crucial resistance level at $3.8, marking the end of a year-long accumulation phase.Bouncing back from the last swing low of $4, Helium's price has surged by an impressive 115%, reaching the current trading price of $8.43.A recent breakout from the $8.2 resistance level positions buyers for a higher recovery target of $10.
KEY LEVELS :
RESISTANCE LEVEL : $7.60-$7.90
SUPPORT LEVEL : $6.95-$6.60
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
#Helium #DYOR. #crypto2023 #BinanceWish #HNT

Helium's announcement of the introduction of a new cost-effective cell phone plan on its network. The plan, called Helium Hotspot, offers unlimited talk, text and data for $15 a month. The new plan could increase helium demand in two ways. First, it could attract new users to the Helium network, increasing the number of devices using helium. Second, it could increase data usage on the Helium network, which could increase the amount of helium needed to power devices.
Helium's partnership with the University of Miami The three-year partnership will give Helium a prominent presence at the University of Miami's Hard Rock Stadium, as well as the Miami Hurricanes' media and social channels. The partnership could help Helium reach a new audience of students, fans and businesses.
The increase in demand for helium for industrial use. Helium is used in a wide range of industrial applications, such as arc welding, nuclear magnetic resonance (NMR), and semiconductor manufacturing. Demand for helium for these applications has increased in recent years, contributing to rising prices.
The rally in HNT is likely to continue in the coming days and weeks. Helium's new cellular plan could drive adoption of the Helium network and in turn increase demand for helium. Helium's partnership with the University of Miami could also help the company increase its visibility and reach a new audience. Additionally, increased demand for helium for industrial use could continue to drive token prices.

#HNT #Helium #CryptoisBetter

The Helium trend reversal hit 112% within 10 days from the $3.470 low formation during the market crash last Monday. Will the increasing momentum in HNT’s recovery result in a 38% hike?

Read more on: https://thecryptobasic.com/2024/08/14/helium-hnt-skyrockets-112-in-10-days-bulls-eye-10/
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