The Helium (HNT) token has reached new heights since it was listed on Coinbase, riding a wave of optimistic optimism. Helium shattered previous information and painted a bright future as traders rushed to buy.
In response to the Coinbase listing, HNT’s price rocketed from a low of $1.40 to a 30-day high of $1.99. At the time of publication, the HNT value was $1.62, an impressive 14.25% increase from its previous close.
If the newly found momentum is maintained, HNT will probably be pushed past the $1.99 resistance level. Significantly, the next point of resistance is $2.10. By getting through this obstacle, HNT might be able to test the $2.50 level.
Additionally, the HNTUSD 1-hour worth chart’s Bollinger bands are getting wider. The upper and lower bands make contact at $1.31686762 and $1.83026179, respectively. This move points to increased volatility and a potential worth expansion. However, the appearance of red candlesticks suggests that the bullish momentum is likely waning.
HNTUSD’s potential downward trend and a shift towards bearish sentiment might both be indicated by a drop below the center band at $1.573564705.
This bearish case is strengthened by the downward movement of the MACD line beneath its sign line with a study of 0.05971164. It suggests that the bullish momentum is waning and that a bearish pattern may be developing. The histogram shift below zero contributes to the overall gloomy view.
The Know Positive Factor (KST) indication, however, offers a bright spot. The approaching downturn will be less severe with a study of 164.0457 and a rising pattern, which could open an opening for investors to enter.
The positive momentum in HNTUSD should still have some strength remaining because the Relative Energy Index (RSI) is still above its sign line at 59.62. When the RSI is higher than 50, it indicates that there is more pressure on consumers to make purchases than there is on advertisers.
In conclusion, despite mounting negative indications, Helium’s Coinbase itemizing pushes HNT to new highs with the potential for further gains.