Helium Price Prediction – What is HNT’s short-term target for September?

Despite the general panic in the crypto market, Helium (HNT) has performed strongly. HNT trading volume surged 84% in the past 24 hours and has risen 36.3% since August 26. HNT may rise another 20% in the coming days.

Short-term trend

HNT’s price action shows that it may set new local highs. The OBV indicator has been rising since the second half of July, indicating strong buying pressure. The moving averages are also showing a bullish trend. The key support level is at $3.43, and the price is expected to rise after a rebound and break through the highs in February.

Open interest situation

Helium’s open interest has reached $11.4 million, surpassing the high of $10.29 million in March. High open interest indicates that the market is bullish and traders are willing to go long to profit from it. Although the overheated derivatives market may lead to a price correction, the possibility of a price drop is low at present.

Overall, HNT may continue to rise in the short term, but market sentiment and capital flows also need to be closely monitored.

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