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•HNT/USD is currently priced at $9.11 and has increased by 3.28% over the past day
•The trading volumes have increased by 9.36% over the past day
•The technical indicators suggest a positive outlook for the near term
Short Term View: Bulls offer respite to Helium Crypto
The Helium price today is $9.11 USD with a 24-hour trading volume of $6,243,080 USD. Helium is up 3.28% in the last 24 hours. The trading volumes have increased slightly over the past day whereas the Volume to Market Cap Ratio stands at 0.005558 for the altcoin.
Helium Crypto price analysis reveals that the asset is currently in a bullish trend as it rallies to break out from the bears’ clutches. The asset has been trying to break free from the shackles and now looks poised to go on an uptrend in the coming days. The bulls have been able to successfully take command of the situation as is depicted by Helium Crypto Price currently transacting above the 20,50 SMA on the four-hour chart. A move above $9.50 would enable the bulls to target the resistance placed further away at $10. On the flip side, the bears are still lurking in the shadows and will be looking to target the support level placed at $9 to signal a shift in sentiment.
Long-Term View for Helium Crypto
A bullish crossover can be observed on the daily Helium Crypto Price chart, which suggests a shift in the fortunes of the asset concerned. Green histograms have developed on the daily chart as a result, and bulls will now be looking to capitalize on the positive momentum. Moreover, the RSI has crossed the halfway mark and is currently transacting at 50.45. This bodes well for the future prospects of the coin.
Conclusion
Looking at the Helium Crypto price chart, we can see that the altcoin has had a fairly bullish start to the month. If the current sentiment persists, we could see Helium Crypto continue with the uptrend and scale even greater heights.
Support: $9-$8.80
Resistance: $9.50-$10
Disclaimer
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.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
