bullish

Resistance

Helium

<ul class="wp-block-list">
 <li>HNT aims for a 30% price surge if it breaks the $9.80 resistance.</li>  
 <li>Growing trader interest and rising Futures Open Interest signal potential for a breakout rally.</li>  
 <li>Long-term holders withdrawing tokens suggests a possible rally, creating an ideal buying opportunity.</li> 
</ul>  
<p><a href="https://cryptonewsland.com/helium-hnt-rises-to-top-100-rank-outpacing-competitors-as-safe-and-bnx-why-this-new-presale-token-beats-all/" rel="noopener noreferrer nofollow">Helium (HNT)</a> has gained attention after a 32% price surge in the past few days. As uncertainty looms over the crypto market, this recent rise has traders watching closely. However, for HNT to continue climbing, breaking through key resistance levels is crucial. Traders now focus on whether HNT can maintain this momentum. Let’s explore the conditions needed for HNT to reach new heights.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/het_tk/status/1868237680649421261
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</figure>  
<h2 class="wp-block-heading" id="h-analyzing-hnt-s-key-resistance-and-price-targets">Analyzing HNT's Key Resistance and Price Targets</h2>  
<p>Currently trading around $8.85, HNT has seen a 5.5% <a href="https://cryptonewsland.com/helium-hnt-rebound-after-gassing-out-amid-render-render-heavy-losses-crypto-casino-rollblock-rblk-boasts-100-early-gains/" rel="noopener noreferrer nofollow">price increase</a> in just 24 hours. But the key challenge remains a resistance level at $9.45. This price point has led to selling pressure in previous attempts, halting HNT's growth. HNT has now attempted to break this resistance three times. If a daily candle closes above $9.80, a 30% increase to $12.60 is possible.</p>  
<p>However, failure to break this level could see HNT drop to $8.10, a 10% decline. Fortunately, the <a href="https://www.fidelity.com/learning-center/trading-investing/technical-analysis/technical-indicator-guide/RSI" rel="noopener noreferrer nofollow">Relative Strength Index</a> is at 60, suggesting room for further growth without entering the overbought zone. A breakthrough above $9.80 is essential for continuing the rally. Without it, the bullish momentum may falter.</p>  
<h2 class="wp-block-heading" id="h-increased-interest-from-traders-and-long-term-holders">Increased Interest from Traders and Long-Term Holders</h2>  
<p>On-chain data from Coinglass highlights growing interest from traders. <a href="https://coinalyze.net/helium/open-interest/" rel="noopener noreferrer nofollow">HNT’s Futures Open Interest</a> has increased by 13% in the last 24 hours. This suggests traders are betting on a breakout. Additionally, long-term holders are becoming more active.</p>  
<p>Data shows that $365k worth of HNT has left exchanges, indicating a belief in an upcoming rally. Together, these factors show strong support for HNT. While resistance remains, the market shows signs of bullish strength, making HNT an exciting asset to follow.</p>  
<p>For now, HNT’s potential growth hinges on breaking resistance levels and maintaining the current momentum. With rising interest from traders and solid technical indicators, HNT may continue its upward path. But, only time will tell if HNT can break through key levels and sustain the rally.</p>   
<p>The post <a href="https://cryptonewsland.com/helium-bulls-target-30-growth/" rel="noopener noreferrer nofollow">Helium Bulls Target 30% Growth: What’s Needed for a Rally?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Helium Bulls Target 30% Growth: What’s Needed for a Rally?

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