Helium Mobile

Bitcoin

Helium

Reversal

<img decoding="async" width="1200" height="800" src="https://coingape.com/wp-content/uploads/2023/12/Helium-Mobile-price-e1721662780467.jpeg" class="attachment-full size-full wp-post-image" alt="Helium Price" style="float:right; margin:0 0 10px 10px;">
The cryptocurrency market has recorded a renewed recovery sentiment in the last two weeks. Following the Bitcoin rally above $67000, most of the major altcoins have retrieved the loss of the June correction preparing for a prolonged rally. Amid the bullish sentiment, the Helium price caught the attention of investors with a 62% growth within two weeks. Can HNT resume this recovery or is a major correction looming?
<h2 id="b-helium-price-eyes-major-reversal-amid-wedge-pattern-breakout-b">Helium Price Eyes Major Reversal Amid Wedge Pattern Breakout</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/j/JM7TvlN8.png" alt="KUCOIN:HNTUSDT Chart " width="1946" height="893">
 <figcaption class="wp-caption-text">
 Helium Price| Tradingview
 </figcaption>
</figure>
The <a href="https://coingape.com/price/helium/" rel="noopener noreferrer nofollow">Helium price</a> analysis in the daily chart shows a classic example of a wedge pattern reversal. Amid the May to early July correction, this altcoin projected shallow lower lows and higher lows as a weakening in bearish momentum.
Connecting those swings with two conjuring trendlines revealed the formation of a <a href="https://coingape.com/education/falling-wedge-pattern-what-to-do-if-it-appears-on-a-crypto-chart/" rel="noopener noreferrer nofollow">falling wedge pattern</a>. In theory, the chart setup hints at a downtrend reaching maturity that allows buyers to retake trend control.
<blockquote>
 Under the influence of the pattern, this altcoin hit a low of $2.87 in June before reverting from the market. On July 15th, the HNT price recorded a 15% jump and breached the upper boundary of the wedge.
</blockquote>
This recent surge in price comes on the heels of Helium Mobile Network achieving a significant milestone: surpassing 100,000 subscribers. This achievement underscores the growing confidence in and dependence on Helium’s decentralized wireless infrastructure, which is recognized for its cost-effective and scalable solutions in IoT connectivity.&nbsp;
<img decoding="async" class="aligncenter size-full wp-image-208867" src="https://coingape.com/wp-content/uploads/2024/07/image_2024-07-22_20-57-07.png" alt="Helium Mobile Subscribers" width="1447" height="741" srcset="https://coingape.com/wp-content/uploads/2024/07/image_2024-07-22_20-57-07.png 1447w, https://coingape.com/wp-content/uploads/2024/07/image_2024-07-22_20-57-07-300x154.png 300w, https://coingape.com/wp-content/uploads/2024/07/image_2024-07-22_20-57-07-1224x627.png 1224w, https://coingape.com/wp-content/uploads/2024/07/image_2024-07-22_20-57-07-768x393.png 768w, https://coingape.com/wp-content/uploads/2024/07/image_2024-07-22_20-57-07-150x77.png 150w" sizes="(max-width: 1447px) 100vw, 1447px">
Moving forward, the network released its latest <a rel="noopener noreferrer nofollow" href="https://blog.hellohelium.com/helium-mobile-network-roadmap-progress-july/">roadmap</a> progress report on July 12, highlighting new features and services aimed at attracting more users and further strengthening the network.
The post-breakout rally has uplifted the asset 30% to trade at $5.07 while the market cap recorded at $806.47 Million.
However, the HNT price faces overhead supply at $5.23 resistance, suggesting a possible pullback before the next leap.
The $4.6 floor coinciding with 200D EMA and the $3.845 level moving along 50D EMA creates suitable correction support for dip buyers.
With sustained buying, the Helium buyers should challenge a major swing resistance of $6.1. Surpassing this barrow will pave the bull’s way for a prolonged rally.
<h2 id="span-style-font-weight-400-technical-indicators-span">Technical indicators:</h2>
<ul>
 <li style="font-weight: 400;" aria-level="1">EMAs: The 20-day <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/" rel="noopener noreferrer nofollow">Exponential Moving Average</a> crossover above the 50-day slope projects a potential buy signal and strengthens the buyer’s grip over this asset.</li>
 <li style="font-weight: 400;" aria-level="1">ADX: The Average Directional Index slope surged to 27% hints a young recovery with an opportunity to extend higher.</li>
</ul>
The post <a href="https://coingape.com/markets/helium-price-recovery-signals-bull-run-with-100k-mobile-subscribers/" rel="noopener noreferrer nofollow">Helium Price Recovery Signals Bull Run With 100K+ Mobile Subscribers</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Helium Price Recovery Signals Bull Run With 100K+ Mobile Subscribers

Table of Contents

Coingape News Media

Other articles published on Jul 22, 2024

XRP News: Ripple’s Massive XRP Sell-Offs, How They Impact the Token’s Price

Digital Chamber Calls on Kamala Harris To Take Pro-Crypto Stance

Artificial Intelligence Enhances Efficiency in Internet Publishing

TON Blockchain and Animoca Brands’ Mocaverse Announce Strategic Alliance

Analyst Predicts Bitcoin’s Continued Rise Beyond $100,000

Mt. Bitcoin (BTC) Activity is Experiencing in Gox Wallets! Will New Transfers Come?

Join our free newsletter for daily crypto updates!