Helium Crypto Price Prediction – Time To Buy HNT?
Yesterday, the price of Helium crypto surged 29% to $5.71 before sharply correcting back to $4.68.
Arguably, this particular move was another ‘Buy the rumour, sell the news’ incident after a very big partnership.
Will HNT crypto recover? HNT is available for purchase on Binance.
Crypto assets are a highly volatile unregulated investment product.
Helium (HNT) Crypto Price Prediction
When the relative strength index exceeded 70, traders immediately pulled out their Helium positions on exchanges, causing the price to plummet.
News in relation to a T-mobile partnership was the core reason for the Helium crypto pump, while in the long term this is a fantastic business initiation, the short term price action looks quite gloomy.
It was just less than 24 hours since the official @Helium The Twitter site announced the partnership, and already the Helium (HNT) price has corrected by a painful 20% since the announcement.
On the macro scale, Helium (HNT) is trading within a giant symmetrical triangle, and it seems that the price had nowhere else to go, but yesterday it was proven wrong.
The long week on top of yesterday’s green daylight reflects heavy selling pressure from holders and indicates that the bulls have weakened over the past week.
If HNT struggles to hold the $4.72 price level, there is a chance we could see negative continuation down to the support trendline of the triangle at around $4.46.
On September 6, Helium crypto set a possible bottom at $3.26, if September continues with more turmoil for the crypto markets, HNT is at risk of returning to the $3 levels.
Can HNT Bulls take over?
All is not lost yet for Helium (HNT) crypto bulls. Over the past few days, Helium has traded with a lot of volatility and the relative strength index has steadily returned to levels between 30.50-40.50.
The above historical data suggests that there is still room for another impulse wave to the upside, which could give a price increase of about 9.77%.
This will take the price of Helium (HNT) crypto back to an imperative psychological resistance level of $5.
I speculate that Helium crypto could potentially have room for massive long-term growth within the next crypto bull run.
Coinmarketcap states that Helium crypto has a fairly low market cap of $565 million, and the market cap all time high was $5.38 billion set back in November 2021.
I would like to see Helium’s crypto market cap exceed $10 billion by 2025, potentially making this a contender for a healthy and diverse crypto portfolio. HNT crypto is available for purchase on Binance.
Crypto assets are a highly volatile unregulated investment product.
Helium (HNT) crypto video analysis
Only a few days remain in September, a notoriously dangerous month for the entire blockchain market.
Hopefully, October will offer a blissful turnaround that will see market sentiment return to neutral where we will see altcoins back on the upswing.
While Helium crypto certainly looks promising for the future, here is our list of the best altcoins that could boom in October.
