- A breakdown below the price of helium is expected soon as the price is in a supply zone. During the intraday session, it has lost more than 11%.
- Based on technical indicators, it appears the price of HNT is set to consolidate. Over the intraday session, the HNT/BTC pair has lost more than 5%.
In the near future, the HNT crypto price is expected to hit the next support quickly. In the past 24 hours, the Helium coin price has lost more than 11% and is currently trading at $40.25. Helium has a ROI of over 75824% and has benefited many people in the past. Asset prices could soon reach a new low in the future as the downside trend continues. The upside momentum of HNT can soon see a reversal in the future. A bullish trend is predicted for the near future.
Currently, the dominance and market cap of the HNT token are declining and could soon reach a low. The coin can soon see a strong upside momentum in the future . The volume of the coin has been seeing a downside momentum and can soon see a new low. One can invest in Helium according to their needs and risk capacity.
Bears Cause HNT Coin price drop
Source: Trading view
Helium coin price weekly technical chart suggests a strong consolidation in the price and can soon see a new low. It has observed a loss of more than 11% in the weekly technical chart. On coming to the daily chart the coin price is in a downtrend. The upside momentum of HNT may face a hostility near $50. Meanwhile, the support of the asset can see a bounceback near $35. The coin has been moving above 50 and 100 Daily Moving Average. The 100 DMA price is near $33, which acts as a support of the price. There is a bearish pattern formed in the daily chart and can soon see a new high. If the price falls 15 to 20% below the current level then a downside momentum can be seen. HNT/BTC pair can see a new low in the future
In conclusion
Helium coin price has been seeing a downside momentum and can soon hit the next support in the future. HNT/BTC pair can also see a new low in the future
Technical Levels
Major Resistance: $50
Major Support: $30
Original Article can be found at //themarketperiodical.com/2021/11/27/helium-price-analysis-will-hnt-crypto-price-test-the-lower-support/
Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
