💥💥💥 #Helium (HNT) Price Rising To Higher Levels: $10 Target Next?
Helium (HNT) Price Surge: Is $10 in Sight?
Helium’s token, HNT, has surged over 100% this month, demonstrating strong bullish momentum despite market volatility. Currently trading at $6.82, HNT has doubled in value over the past three weeks and entered the top 100 #Cryptocurrencies , now ranked 96th with a market cap of $690.91 million. The token's price is up over 10.89% intraday, with a significant 188% increase in trading volume.
HNT’s price is trending within a rising channel, consistently forming higher highs. The recent formation of a bullish engulfing candlestick and a rebound from the 20-day EMA highlight ongoing positive momentum. The token remains above key moving averages, and technical indicators such as the RSI and MACD support the bullish trend.
Analyst Cryptojack predicts HNT could approach $10 soon, citing the strong upward movement within the rising channel.
However, resistance is noted at $7.80 and $8.30, while $6.50 is an important support level. Futures Open Interest has increased 55.20% to $6.63 million, with significant long bets and liquidation of short positions, reinforcing bullish sentiment.
Despite some investor caution, HNT's growth and technical indicators suggest a potential continuation of the bullish trend toward the $10 mark.
Source - thecoinrepublic.com
