Helium (HNT) price has risen by about 150% this year and its market cap recently reached $1 billion. The Chaikin Money Flow (CMF) indicator has turned positive at 0.15, indicating strong buying pressure and supporting the recent price gains.
If a golden cross forms as suggested by the EMA lines, HNT could test resistances at $6.5 and $7.2, but a reversal could lead to support levels at $6 or even $5.28.
HNT CMF is now positive.
HNT CMF rose to 0.15 from -0.06 in just one day, indicating a significant shift towards positive buying pressure. The CMF, or Chaikin Money Flow Index, measures the flow of capital into or out of a particular asset over a specified period, with values above 0 indicating net inflows (buying dominance) and values below 0 reflecting net outflows (selling pressure).
This sharp rise highlights the growing confidence among buyers, supporting HNT’s recent 5% price increase.
A CMF of 0.15 indicates a strong bullish sentiment, suggesting that the current uptrend has strong support from capital inflows. If the CMF continues to rise, it could indicate additional bullish momentum for HNT, which could lead to additional price gains.
Helium RSI shows potential for further price increase
Helium RSI rose to 58 from 46 in just one day, reflecting increasing bullish momentum. RSI, or Relative Strength Index, measures the speed and magnitude of price changes on a scale of 0 to 100.
Values above 70 indicate overbought conditions and a potential for a correction, while values below 30 indicate oversold levels, often leading to a bounce. An RSI of 58 indicates that HNT is in a healthy uptrend without approaching overbought territory yet.
With the RSI still well below 70, HNT’s current uptrend has room to continue before reaching overbought levels. This leaves room for further price growth as buying momentum builds.
If the RSI continues to trend upward, HNT price could see additional gains in the short term, supported by the current bullish sentiment.
HNT Price Prediction: Can HNT Hit $7 Soon?
The EMA lines for HNT show a possible golden cross formation, where the short-term EMA crosses above the long-term EMA. This pattern is a bullish signal, and often indicates the beginning of a sustainable uptrend.
If the golden cross forms and the momentum continues, Helium price could break the $6.5 resistance level and may reach $7.2, further strengthening its upward trajectory and the recent achievement of a $1 billion market cap. This would also boost HNT into the top 10 ranking among DePIN (Decentralized Physical Infrastructure) coins.
However, if the current uptrend weakens and reverses, HNT price may face critical support levels.
The price may first test $6, and if that fails, it may drop to $5.57 or even $5.28.
