- Helium (HNT) price is trading in an ascending triangle pattern with reference to the 4-hours price chart.
- HNT price is well above the green signal line of the Super Trend indicator on the daily price chart.
- The daily RSI indicator is looking sideways just above its semi-line (50-point).
Helium (HNT) price has been making higher-low and lower-high for the past several days. Meanwhile, the bulls kept the HNT price above the $10 conceptual round since last night.
If the bulls close the daily price candle above the $10 level this will act as a short-term support area for HNT bulls.
In the context of the 4-hours price chart, the Helium (HNT) coin is trading inside an ascending triangle pattern. HNT bulls failed to reclaim the $11.5 to $12.5 resistance area on several occasions.
At the time of writing, the HNT token is trading at the $10.7 mark against the USDT pair. Thus, the helium coin belonging to the bitcoin pair is trading up 0.3% in the green zone at 0.0005119 satoshis.
In terms of higher time frames such as 4-hours as well as daily, the HNT price is well above the green signal line of the Super Trend indicator and the bulls have placed a stop loss near this area.
Meanwhile, according to CMC, HNT’s market cap is well above $1.2 billion, with a gain of 1.9% over the past 24 hours. Despite the recovery, trading volumes declined, indicating a volatile uptrend.
Super trend indicator favors bullish trend
In the daily price scale context, the RSI indicator is looking sideways just above its semi-line (50-point). On the other hand, ADX continues to decline, indicating weak sideways momentum for HNT Coin.
Helium price is in the range between bearish and bullish trends. A breakout of this triangle pattern signals an upcoming directional trend.
Support level- $6.5 and $5.0
Resistance level- $12 and $16
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
- MetaMask Stuck Into Another Twitter Debate - November 29, 2022 2:00 pm EST
- Coinbase Seeking Expansion With New Appointments - November 29, 2022 11:30 am EST
- Crypto Exchange Agrees to Pay Penalties to the US Regulators - November 29, 2022 11:00 am EST