- Helium (HNT) tests a critical $3.00 support, with traders awaiting a possible reversal or protracted bearish momentum.
- The RSI of 38.01 signals a bullish divergence, and the constricting Bollinger Bands suggest a probable breakout in either way.
- A breakout above $3.80–$4.00 can solidify bullish momentum, and a drop below $3.00 can take HNT down towards $2.50, even lower.
Helium (HNT) is testing a critical point of $3.00 after a protracted fall. The traders are very interested in this range for determining the future of the price, with indicators showing hints of a possible breakout or more downside threats.
Key Support levels
HNT remains on its critical levels of $3.00, where this support has been tested in recent times. According to Alpha Crypto Signal, their experts indicated on X, HNT finds itself there after a dramatic fall. If the price sustains, then resistance between $4.50 and $5.00 may be the target. A fall under $3.00 may be the harbinger of more downside.
Market participants are focusing on whether the buyers can maintain this level. Holding there may stabilize the price, and failing may trigger more selling pressure.
Technical Indicators Suggest Likely Reversal
Indicators show mixed signals for the future movement of HNT. The Relative Strength Index (RSI) of 38.01 remains in neutral and not quite oversold. A bullish divergence, associated with trends reversal historically, is forming.
Bollinger Bands are closing in, implying a possible breakout. The stock is on the lower band, where such levels are generally considered oversold. A breakdown of the middle band of $3.66 will signal reversal of momentum, with the upper band of $4.21 being resistance.
Traders are keenly observing these indicators for confirmation of a reversal of trends. If HNT crosses major resistance levels, market sentiment may be expected to tilt towards a bullish view.
Awaiting Confirmation of Next Move
The market remains focused on key levels of resistance. A breakdown of $3.80 to $4.00 will be bullish, and a drop down towards $3.00 can take HNT down towards $2.50. The short-term traders are expecting a decisive breakdown, and the long-term traders are testing the solidity of the support point.
HNT’s price action remains uncertain. The worth of Helium (HNT) had been at $3.44 during the time of the press, with 24-hour trading volume of $4,478,311, down 7.51% for the last 24 hours and 15.33% for the last 7 days.
