Helium (HNT) Price Action Continues to Make Higher Highs

The Helium token has continued to perform impressively overall. This is evident as the token has recorded an additional price increase of nearly 4% today so far. This has placed it as the second most profitable token at the time of writing. More details are presented on its price chart; let’s examine that below:

HNT Statistics:
Current HNT Price: $7.26
Helium Market Cap: $1,166,165,304
Helium Circulating Supply: 160,875,442  Total Supply of HNT: 160,875,442
HNT CoinMarketCap Rank: 58

Key Price Levels:
Resistance:$8.00, $9.00, $10.00
Support: $7.00, $6.00, $5.00

Helium’s Price Action Sustains Above the $7.00 Support Level

Overall, the HNT token has continued on an upward trajectory since its price action broke out of the $3.00 to $3.77 range. Volatility has been moderate since then, which has helped the market move through multiple resistance levels. More recently, the market has recovered above the middle limit of the Bollinger Bands (BB) indicator.

Meanwhile, the last price candle appears red but remains above the BB indicator. Additionally, the Stochastic Relative Strength Index (Stochastic RSI) indicator lines suggest that upward forces are maintaining momentum, as the indicator’s leading line breaches the 50 mark from below. Furthermore, the terminal part of the BB indicator has contracted, hinting that the market may move more strongly upwards.

HNT Market Is Maintaining an Upward Trajectory

The Helium 4-hour market shows that upward forces are already taking a stand and are ready to maintain dominance. While the previous session presented a downward retracement, the ongoing session has shown a recovery. This recovery has occurred above the middle limit of the BB indicator.

The Stochastic RSI lines remain consistent with their upward trajectory from the daily market to the 4-hour market. Summarizing the presented indications, it seems more likely that price movement may continue upward given the current session’s state and position. Therefore, crypto signals targeting the $8.00 threshold may become more relevant in this market.

Start using a world-class auto trading solution.