Why is HNT Price Up By 30%?

Helium (HNT) has surged impressively by 29.84% within the last 24 hours, now trading at $6.37. This remarkable uptick coincides with pivotal alterations announced by the protocol, creating a buzz in the market.

Launched in July 2019, Helium’s decentralized blockchain network for Internet of Things (IoT) devices facilitates seamless communication among low-powered wireless devices. Recent significant changes to the network have contributed to the surge in HNT’s market performance.

Technical Analysis by altFINS

altFINS, a prominent name in crypto technical analysis, provides insights into Helium’s near-term outlook and trading patterns.

Source: altFINS – Start using it today

  • Near Term Outlook: Neutral
  • Pattern Type: Support Breakout
  • Pattern Stage: Breakout
Next Big Airdrop?

Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!

Show more +

After an impressive run (6x in 2 months), HNT’s price approached the $10 resistance, triggering profit-taking and selling pressure. The asset has broken below the $6.00 horizontal support zone and could potentially revisit $4.20. altFINS recommends waiting for the price to find support before considering re-entry on the uptrend, advising traders to set a price alert.

  • Trend: Neutral in the Short-Term; Uptrend in the Medium- and Long-Term
  • Momentum: Bearish (MACD Line below MACD Signal Line, RSI below 45)
  • Nearest Support Zone: $6.00 (broken), then $4.20
  • Nearest Resistance Zone: $8.00, then $10.00

You may also be interested in:

Check $RECQ Meme Coin

Sponsored: Invest Responsibly, Do Your Own Research.
Serves as the base currency for all transactions within the Rebel Satoshi platform
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency