Helium (HNT) Bubbles Upward Above the $3.00 Price Level

The Helium token has seen its price increase for the second consecutive session. However, the gain remains minimal, even though there has been a slight upward movement. Nevertheless, the market remains below key resistance levels and may find it difficult to progress further.

Helium Statistics

Current Price: $3.43

Market Capitalization: $614.48M

Circulating Supply: 183.47M

Total Supply: 183.47M

CoinMarketCap Rank: 102

Key Price Levels

Resistance: $3.500, $4.000, $4.500

Support: $3.000, $2.500, $2.000

HNT/USDT Attempts to  Its Upward Retracement

Price action on the Helium daily chart initially pushed toward lower levels, resulting in an upward rebound since the previous session. A small green candle in the current session suggests a continued, albeit cautious, climb—still below the middle band of the Bollinger Bands.

The Smoothed Rate of Change (SROC) indicator line has dipped below the equilibrium level. However, it appears to be turning slightly sideways, which may signal a potential buildup of upward momentum. That said, a stronger bullish confirmation would require the SROC line to resurface above the equilibrium level.

Helium Posts Minimal but Consistent Gains

The HNT/USDT market continues to gradually retrace higher. Small green candles have appeared near the lower Bollinger Band and are now pushing past the middle band, indicating continued upward pressure.

The latest candle remains green, supporting the ongoing bullish trend. Meanwhile, the SROC indicator line continues to ascend, although still positioned below the equilibrium. The narrowing Bollinger Bands suggest reduced volatility, often preceding a stronger price movement. Traders may aim for short-term profits around the $3.500 or $3.750 levels.

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