Will Helium (HNT) Price Rise Toward $10?

Helium's native token HNT has been in an overall bullish territory. Helium (HNT) price rose more than 100% this month, giving bullish cues.

Helium’s (CRYPTO: HNT) native token price has surged more than 100% this month, outperforming the market and doubling in value in the past three weeks.

The token has rallied more than 188% in the past 24 hours alone, and was trading at $7.02 with an intraday rise of over 10.89%, displaying signs of bullishness.

With a market cap of $690.91 Million, the token has entered the top 100 list, ranked 96th.

What Happened: Helium is a decentralized wireless network that provides low-powered Internet of Things (IoT) connectivity.

The network is powered by a community of users who operate hotspots that provide coverage and earn HNT tokens in return.

The token has surged amid the improved market depth and谛mscope="all" relative strength, indicating a strong buying pressure and a continuation of an uptrend.

Cryptojack in his recent tweet mentioned that HNT was gaining rapidly inside a rising channel, and could spread the rally toward the $10 mark soon.

HTK token price is seen accumulating the gains and trading inside a rising channel on the daily chart.

The token was seen making a base at around $3 at the beginning of this month, Later, a major bullish reversal was observed and the token flew over 100% till this month.

Along with the price rise, the technicals also look robust, a golden crossover was exhibited which drove the bullish rally.

Moreover, the daily RSI curve remained in the overbought territory, bolstering the positive trend in action.

Further, the MACD indicators displayed a bullish crossover, indicating a continuation of an uptrend.

The token remained a centre of attraction amid the consistent price growth.

Despite the major ups and downs in the past few weeks, the token has rewarded itsホルダーs.

However, the weighted sentiment curve showed a dip and moved below the zero line, reflecting fear among the investors.

But, the short term bullish trend is intact and the token may continue to gain ahead.

A massive increment in the futures Open Interest by over 55.20% to $6.63 Million was observed in the past 24 hours.

It suggests that traders are betting more longs and expecting a price hike.

At press time, more than $21.2k shorts were liquidated, whereas only $1.2k longs were liquidated, implying bullish projections.

The above is the detailed content of Will Helium (HNT) Price Rise Toward $10?. For more information, please follow other related articles on the PHP Chinese website!