Helium (HNT) Prints Promising Gains

The Helium token has surely shown up on the radar as one of the best-performing cryptos. The token occupies the second spot on the list and as such hints at a much better outlook. From a technical perspective, things also look optimistic and may yield further gains.

HNT Market Statistics

Current Price: $2.67

Market Capitalization: $495.24M

Circulating Supply: 186.17M

Total Supply: 223M

CoinMarketCap Rank: 122

Key Price Levels

Resistance: $3.00, $4.00, $5.00

Support: $2.50, $1.50, $1.00

HNT Rebounds Off a Good Base

Price action in the Helium daily chart stands above the 9-day Exponential Moving Average EMA line. Also, the ongoing session is represented by a green price candle. This indicates that buyers are more prominent in the session.

Also, the base of the market suggests that outlook is promising. Likewise, the Stochastic Relative Strength Index SRSI indicator lines are still in the overbought region despite the fact that it has delivered a downward crossover.

Helium Stays On Track Toward $3

There has been a notable price movement as well on the HNT 4-hour chart. The ongoing session has brought the token to resurface above the 9-day EMA curve spontaneously.

Meanwhile, the market has been progressing in an upward trajectory since the 7th of this month. At the same time, the SRSI has delivered an upward crossover in the oversold region. The ensuing lines are emerging upwards, and as such, align to suggest that prices are heading toward the $3.00 mark.

Make money without lifting your fingers: Start trading smarter today