The Bitcoin price has remained bearish for the past few months, and altcoins have displayed sharp selling. Despite this, the Helium (HNT) price has risen by more than 120% since July, showing higher highs and higher lows.
Can HNT Continue to Grow?
Crypto expert 6.1.APE (@LEAVERAGE_LABS) claims that the HNT crypto has the potential to gain 61.8% in the next few weeks. He comments: “Ideally, we want a pullback to about 5.50 to then run it up to 61.8% on the chart.”
Is HNT in the Purchase Zone?
Cryptocurrency analyst PS trade (@PStrade2) believes that the Helium (HNT) price has reached the purchase zone and is generating bullish momentum. “The price of Helium has reached purchase zone 2 and dynamically bounced from the 7.20$ liquid zone. Trade realization is awaited,” noted PS trade.
New High for HNT?
At the time of writing, the Helium cryptocurrency was trading at $7.37, down 1.38% over the past 24 hours. The 24-hour trading volume was $14.90 million, and the market capitalization was $1.18 billion. According to technical data, HNT has maintained a bullish trend in recent months.
HNT price has risen by 120% since July despite the bearish cryptocurrency market. Currently, the price is in the pullback zone and has reached the 20-day EMA level, which could cause concerns among buyers. If the price surpasses this level, further growth is expected, but technical indicators suggest potential for further decline.
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