bullish

Helium

Gains

<p>As the broader market recovers, Helium's HNT token price is making a bullish comeback with a quick V-shaped reversal crossing above the $6.50 mark. With the weekly sprint of ~20% surge, Helium prepares for a breakout rally to create a new 52-week high.&nbsp;</p>   
<p>Will the uptrend result in a price jump above the $10 psychological mark? Let's find out.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-hnt-price-analysis">HNT Price Analysis</h2>   
<p>In the daily chart, the bullish comeback from the 50% Fibonacci level coinciding with the 200-day SMA line results in a V-shaped reversal. As it bounces back from the $5.52 support, it exceeds the 61.80% Fibonacci level at $6.365.&nbsp;</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/09123537/image-114-1024x509.png" alt="HNT price chart" class="wp-image-377759">
</figure>   
<p><a href="https://www.tradingview.com/x/9Zq45XAv/" target="_blank" rel="noreferrer noopener">TradingView</a></p>   
<p>The recovery run, creating 4 out of 5 bullish candles, accounts for a 20% rise and challenges the 50-day SMA line. Currently, it is trading at $6.66, with an intraday rise of 7.36%.&nbsp;</p>   
<p>While the reversal rally is yet to overcome the lower-high formation trend, the recovery run teases a breakout rally ahead. With a price jump above the $7.78 or the 78.60% Fibonacci level will mark a change of character in the HNT price trend.&nbsp;</p>   
<p>This will increase the upside chances for HNT price and could potentially result in a new 52-week high formation.&nbsp;</p>   
<p>The pullback to the 50% Fibonacci level of $5.52 comes as a retest of the breakout. Currently, the bullish engulfing candle, exceeding the 61.80% Fibonacci level, reflects the ongoing post-retest reversal rally.&nbsp;</p>   
<h3 class="wp-block-heading" id="strong-technical-indicators-strong"><strong>Technical Indicators:</strong></h3>   
<p><strong>SMA</strong>: As the HNT price consolidates between the 50-day and 200-day <a href="https://coinpedia.org/traders/what-is-moving-average-indicator/" target="_blank" rel="noreferrer noopener">SMA</a> line, the breakout of the upper resistance is likely to increase the trend momentum.&nbsp;</p>   
<p><strong>MACD</strong>: Furthermore, with the increased buying pressure, the <a href="https://coinpedia.org/traders/moving-average-convergence-divergence-macd/" target="_blank" rel="noreferrer noopener">MACD</a> and signal lines are on the verge of a bullish crossover.&nbsp;</p>   [post_titles_links postid="377929"]   
<h2 class="wp-block-heading" id="h-helium-price-targets">Helium Price Targets</h2>   
<p>Considering the bullish trend continues, the price targets based on the Fibonacci retrenchment tool are at $10.05, or the highest 52-week closing price, followed by $13.91 and $21.&nbsp;</p>   
<p>On the flip side, the crucial supports for Helium are present at $6.36 and the psychological mark of $6.&nbsp;</p>   
<p>Concerned about how the HNT price will conclude in the year 2024? Our <a href="https://coinpedia.org/price-prediction/helium-price-prediction/" target="_blank" rel="noreferrer noopener">Helium (HNT) Price Prediction</a> reveals this and more!</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1731135968446">
  <strong class="schema-faq-question">What is the current price of HNT?</strong> 
  <p class="schema-faq-answer">HNT is trading at $6.66 with a 7.36% intraday rise.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1731135976715">
  <strong class="schema-faq-question">What are the immediate price targets for HNT?</strong> 
  <p class="schema-faq-answer">HNT targets $10.05, with potential highs of $13.91 and $21 if the breakout sustains.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1731135977605">
  <strong class="schema-faq-question">What are the crucial support levels for HNT?</strong> 
  <p class="schema-faq-answer">Key supports lie at $6.36 and the psychological $6 mark.</p> 
 </div> 
</div>

HNT Price Eyes $10 as 20% Weekly Gains Tease $7.78 Breakout

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