Based

Momentum

Million

Helium

<ul class="list-ic vertical">
 <li><span>1</span> <a>Helium price is trading below key moving averages showcasing bearishness on the daily technical chart.</a></li>
 <li><span>2</span> <a>HNT price is down by almost 39.76% in the last month showcasing weakness in price momentum.</a></li>
</ul>
<p>The current price of the Helium crypto (HNT) is experiencing a bearish trend and has been showing bearish patterns in recent sessions. The cryptocurrency is encountering difficulty sustaining gains above important moving averages and is currently on a downward trajectory. The crypto has experienced a decline of more than 39% this month, which highlights the bearish sentiment of the recent sessions.</p>
<h2 class="wp-block-heading" id="strong-technical-analysis-of-helium-price-strong"><strong>Technical Analysis Of Helium Price</strong></h2> 
<div class="tradingview-widget-container">
 <div class="tradingview-widget-container__widget"></div>
 <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div>
 <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-advanced-chart.js" async>
  {
  "width": "980",
  "height": "425",
  "symbol": "COINBASE:HNTUSD",
  "interval": "D",
  "timezone": "Etc/UTC",
  "theme": "light",
  "style": "1",
  "locale": "en",
  "enable_publishing": false,
  "allow_symbol_change": true,
  "calendar": false,
  "studies": [
    "STD;RSI"
  ],
  "support_host": "https://www.tradingview.com"
}
  </script>
</div> 
<p>The momentum of the price reflects a bearish perspective on the relative strength index (RSI). This indicates that the selling has been stronger than the buying in the current sessions. The RSI is moving at 35.00, which is below the middle band of the 50-mark.&nbsp;</p>
<p>Traders and investors should remain calm in the current situation and wait for a clear break above or below the range before taking any action. This is to avoid the fear of missing out, which could lead to losses.&nbsp;</p>
<p>The current price requires significant support from the buyers to make a comeback. It is facing major resistance from the previous resistance points and multiple moving average levels. According to the candlestick patterns, the buyers seem to be taking control of the price movement.</p>
<h2 class="wp-block-heading" id="strong-helium-crypto-price-vs-volume-analysis-strong"><strong>Helium&nbsp; Crypto Price vs Volume Analysis</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (HNT), Volume (HNT)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=helium&amp;pt=HNT&amp;df=2023-10-10T18%3A29%3A59.920Z&amp;dt=2024-04-10T18%3A29%3A59.920Z&amp;sat=shchcfg_t9jXE6rwS6Mu&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%3B" scrolling="no"></iframe>
<p>The volume and price graph displayed that the trading volume has decreased from $60 Million to $49.57 Million in the last few days and the price has also declined. In the last few days, the price has melted significantly. Trading volume has not declined further, so the price is expected to bounce back soon.</p>
<h2 class="wp-block-heading" id="strong-helium-crypto-social-dominance-vs-social-volume-analysis-strong"><strong>Helium&nbsp; Crypto Social Dominance vs Social Volume Analysis</strong></h2> <iframe loading="lazy" title="Santiment Chart: Social Dominance (HNT), Social Volume (HNT)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=helium&amp;pt=HNT&amp;df=2023-10-10T18%3A29%3A59.920Z&amp;dt=2024-04-10T18%3A29%3A59.920Z&amp;sat=shchcfg_t9jXE6rwS6Mu&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Bsocial_volume_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%2368DBF4&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The graph of social dominance and social volume shows that awareness and interaction on social media like X, Instagram, and Telegram have decreased. Momentum of Helium crypto <a href="https://www.thecoinrepublic.com/2024/04/09/near-protocol-price-analysis-whats-the-next-target-of-near-crypto/" target="_blank" rel="noopener noreferrer nofollow">price</a> in the next few sessions may depend upon the social dominance and social volume.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary&nbsp;</strong></h3>
<p>In the long term, the prediction for Helium’s price is bearish as long as HNT cryptocurrency continues to trade below key EMAs. However, due to the current oversold state of the crypto, it is possible for a short-term pullback rally to occur. Based on technical analysis, it appears that the HNT price is currently under the control of bears. However, if a short squeeze is triggered, the price could&nbsp; regain strength.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support Levels: $5.300 and $4.749</p>
<p>Resistance Levels: $6.846 and $7.598</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.</p>

Helium Price Analysis: Will HNT Price Break Below 200 EMA Level?

Table of Contents

Thecoinrepublic.com

Other articles published on Apr 10, 2024

GBTC Bitcoin ETF Outflows Reaching Equilibrium: Grayscale CEO

Bitcoin (BTC) Google Searches Just Surpassed Taylor Swift and Beyonce’s

Marathon CEO: Bitcoin Halving Rally Partially Priced In

What Makes Kadena (KDA) a Standout Crypto with a Surge Over $7? Deep Dive

EigenLayer's $13 Billion Breakthrough As the Rise of Restaking and AVSs in DeFi

Game-Changing Telegram Trading Bot, Bitbot Reaches $2M Mark in Presale

Join our free newsletter for daily crypto updates!