Flow

bullish

2024

Helium

Daily

<p><strong>Helium (HNT) price</strong> saw a bounceback of over 20%, approaching a critical resistance level of $7 this week. Fueled by the improved market sentiment, HNT price targeted a reversal in the coming sessions.</p> 
<p>Its upward price movements assessed on a daily chart reveal the formation of a bullish flag pattern. That hinted at a possibility of a 20% surge in the altcoin’s value soon.</p> 
<p>A bullish flag pattern forms when a strong upward price movement is followed by a consolidation period. This resembled a minor retracement. This pattern suggested that buyers are temporarily pausing before continuing the uptrend.</p> 
<h2 class="wp-block-heading" id="h-helium-hnt-price-prediction-roadmap-to-10"><strong>Helium (HNT) Price Prediction: Roadmap To $10</strong></h2> 
<p><strong>Helium price prediction</strong> directed a bullish outlook. The altcoin price stayed above the key EMAs and edged closer to a breakout.</p> 
<p>In a recent tweet on X, Nology said that <strong>HNT crypto</strong> has completed the 2nd correction wave. It was ready for an upward movement to complete the 3rd rising wave.</p> 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/HNT?src=hash&amp;ref_src=twsrc%5Etfw">#HNT</a> [Update] <br><br>It's been a long time since I've posted on <a href="https://twitter.com/search?q=%24HNT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$HNT</a>. <br><br>Still a very strong coin here imo. After a completed 1 in March, and lesser degree back in September, we're on our way to push onto wave 3. <br><br>It'll be great for one of the first in the <a href="https://twitter.com/hashtag/DePin?src=hash&amp;ref_src=twsrc%5Etfw">#DePin</a> space. <a href="https://t.co/6du7E4b89P">https://t.co/6du7E4b89P</a> <a href="https://t.co/to6padq6En">pic.twitter.com/to6padq6En</a></p>— Nology (@nology3000) <a href="https://twitter.com/nology3000/status/1849294883573633288?ref_src=twsrc%5Etfw">October 24, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>The <strong>Helium (HNT) price</strong> traded at $6.97 at press time, noting an intraday drop of over 0.78%. Over the past seven days, the altcoin’s price has surged over 20% and gained bullish momentum.</p> 
<p>It boasts a market cap of $1.19 Billion and has a total supply of 170.47 Million. The pair of HNT/USDT was trading at 0.000104 BTC. The Relative Strength Index (RSI) line stayed close to the midline region, around 52. That displayed a slightly bullish cue.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="425" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-384-1024x425.png" alt="" class="wp-image-794621" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-384-1024x425.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-384-300x125.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-384-768x319.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-384-1536x637.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-384-150x62.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-384-696x289.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-384-1068x443.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-384.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  HNT Price Chart&nbsp; |&nbsp; Source: TradingView
 </figcaption>
</figure> 
<p>The chart showed a successful bullish flag pattern breakout above the $7.20 mark. If this happens, the <strong>HNT price</strong> could see a 20% surge toward the $9 mark. It may reach the $10 mark in the coming sessions.</p> 
<p>However, the Chaikin Money Flow (CMF) reading sharply recovered from the lower levels and reached the zero line. It reflected that significant liquidity was entering the market.</p> 
<h2 class="wp-block-heading" id="h-daily-active-addresses-suggest-bullish-cues"><strong>Daily Active Addresses Suggest Bullish Cues</strong></h2> 
<p>This week, the daily active addresses data spiked and surged to 16.4k. It means that market participants have gained interest in Helium.</p> 
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  <img loading="lazy" decoding="async" width="1024" height="417" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-385-1024x417.png" alt="" class="wp-image-794626" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-385-1024x417.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-385-300x122.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-385-768x313.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-385-150x61.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-385-696x283.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-385-1068x435.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-385.png 1093w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Daily Active Adresses&nbsp; | Source: Artemis
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 </figure>
</div> 
<p>Per the Fibonacci retracement levels, the <strong>Helium (HNT) price</strong> has recently reverted from the 61.8% zone. It bounced off from the 200-day EMA mark, completing the 2nd Elliott wave correction cycle. The 3rd rising wave was imminent, which could push the HNT price toward the $10 mark.</p> 
<h2 class="wp-block-heading" id="h-what-does-futures-market-data-say"><strong>What Does Futures Market Data Say?</strong></h2> 
<p>The OI-weighted funding rate data witnessed that traders are positioning for a price increase. At press time, the funding rate was noted to be around 0.0093%.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="230" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-386-1024x230.png" alt="" class="wp-image-794631" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-386-1024x230.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-386-300x67.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-386-768x173.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-386-150x34.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-386-696x157.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-386-1068x240.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-386.png 1374w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  Funding Rate |&nbsp; Source: Coinglass
 </figcaption>
</figure> 
<p>Typically, the funding rate provides a balance between longs and shorts. The funding rate remained positive for the last two weeks, conveying a bullish sentiment.</p> 
<p>Simply put, a high positive funding rate coincides with boosting confidence in a coin’s price increase. The immediate support zones for <strong>HNT crypto</strong> were $6.60 and $6.00. At the same time, the upside barriers were $7.20 and $8.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/10/26/helium-hnt-price-aims-for-20-surge-is-it-a-buy-for-investors/">Helium (HNT) Price Aims for 20% Surge: Is It A Buy For Investors?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Helium (HNT) Price Aims for 20% Surge: Is It A Buy For Investors?

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