- The HNT coin manages to stay above 55-EMA during intraday.
- The 24-hour trading volume is at $13.122 million.
- HNT/BTC pair is trading positive by 2.6% at 0.00035375 BTC.
Moving Average Exponential (EMA), consisting of 8,13,21,55-EMA, acts as a reliable support in the price movement of HNT coin. The price has been floating above the yellow line, so until the price resides above all the EMA’s, Helium will guarantee an uptrend.
The trading volume (85.72 K) is low compared to the 20-day moving average (434.152 K). The volume is low but increasing, so the price is rising. The chart shows a decreasing volume bar as well. This indicates unusual volatility on subsequent trading days.
HNT Coin Price Slowly Heading Towards The Demand Zone
Via this site
HNT coin daily technical chart and price trend show an uptrend. Based on the price action, the supply zone is located at 24- 26 USDT. On the other hand, the demand zone to look for is 14- 16 USDT. Therefore, the chart shows a bearish harami candlestick pattern during the day.
The RSI indicator gave a signal (Overbought) with 72, projecting a buy signal in the currency for the short-term. Investors can observe an inclined slope from 42 to 72 on the index. It can surge in future trading sessions.
The MACD indicator gives (bullish) cross over the signal line on October 15, demonstrating a buy signal in the coin. Additionally, Investors can see the green bars on the Histogram index.
Conclusion
Helium is now priced at $22.59 on a 24-hour trading volume of $13,322,298. HNT prices have increased 5.4 percent in the past 24 hours. Its rotation is 99 million HNT coins and the total supply is 223 million coins.
The RSI and MACD point to a buy signal, and the traders have prompted low volume. In fact, the cost was bounced from the demand zone and heading towards the supply zone. Likewise, the general market outlook is that this pattern will continue to rise over the next few trading days.
Resistance Level: $24- $26
Support Level: $14- $16
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.
