Recently, the cryptocurrency market has regained a recovery sentiment after the rebound of Bitcoin price over $67,000. Against this backdrop, Helium price has increased by 62% in two weeks, attracting investors' attention. As the number of users of Helium mobile network exceeds 100,000, the market's confidence in its decentralized wireless infrastructure is growing. Although the price faces certain resistance, technical indicators show that the asset may continue to rise.
Key Points
- The price of Helium (HNT) has increased by 62% in two weeks, reflecting the recovery sentiment of the crypto market.
- The price chart of Helium shows the formation of a descending wedge pattern, indicating that the downward trend is close to maturity.
- The price of HNT broke through the upper boundary of the wedge on July 15, and it rose by 15% in the short term.
- The successful breakthrough of Helium mobile network over 100,000 users has strengthened the market's confidence in its infrastructure.
- The current key resistance level of HNT is $5.23, and a short-term pullback may occur.
- The support levels are $4.6 and $3.845, which are suitable for buying on pullback support.
- If HNT breaks above $6.1, it will pave the way for a continued bull run and help prices rise.