Amid increased market volatility, the Helium (HNT) price has shown significant correction. With a Year-to-Date (YTD) return of -34.59% and a market capitalization of $728.884 million, the token ranks 94th.
Helium Price and Key Resistance Levels
In the last 24 hours, HNT price surged by 20.98% with a trading volume of $12.054 million, adding over 22% to its valuation in the past week. However, the long-term trend remains negative, hinting at a bearish outlook for the token. The Relative Strength Index (RSI) records a sharp spike toward the neutral point, suggesting possible continued price gain. Moreover, the SMA indicator shows a positive crossover, highlighting a positive outlook for the altcoin this week.
Will HNT Price Recover?
If bulls regain momentum, Helium price will retest the resistance level of $5.155. Increasing bullish sentiment may push HNT price towards its upper resistance of $6.525. Conversely, if bears maintain dominance, HNT price will retest its support level of $3.80, with a potential drop to a crucial low of $2.510 this month.
FAQs
**Why is Helium growing in price?** Amid increased cryptocurrency market volatility, the HNT price surged over 21% since yesterday.
**Can Helium reach $100?** Considering current market sentiments, HNT may reach this target by 2031.
**What is the current price of Helium?** At the time of writing, the value of one HNT token was $4.117.
Amid rising market volatility, Helium price faces significant fluctuations. Despite recent positive changes, long-term forecasts remain uncertain, requiring investors to closely monitor developments.
