- Helium (HNT) skyrockets on Coinbase listing, hitting a 30-day high.
- HNT price surge prompts resistance breakthrough potential.
- Volatility and bearish signals challenge HNT’s bullish momentum.
Capitalizing on a wave of bullish sentiment, the Helium (HNT) token has soared to new heights following its listing on Coinbase. As investors rushed to buy, Helium shattered previous records and painted a promising future.
On the back of the Coinbase listing, HNT saw its price catapult from a low of $1.40 to a 30-day high of $1.99. The HNT price stood at $1.62 at press time, representing a notable 14.25% surge from its last close.
The new found momentum, if sustained, could potentially push HNT past the $1.99 resistance level. Significantly, the next resistance stands at $2.10. Crossing this barrier could pave the way for HNT to test the $2.50 level.
Besides, Bollinger bands on the HNTUSD 1-hour price chart are expanding. The upper and lower bands touch at $1.83026179 and $1.31686762, respectively. This move suggests increased volatility and a potential price expansion. However, the appearance of red candlesticks points to the bullish momentum possibly weakening.
A plunge below the middle band at $1.573564705 could signal a shift toward bearish sentiment and a potential downward trajectory for HNTUSD.
Additionally, the downward shift of the MACD line below its signal line with a reading of 0.05971164 amplifies this bearish case. It signals that the bullish momentum is fading, and a bearish trend may be on the horizon. The histogram shift below zero further supports the bearish outlook.
However, the Know Sure Thing (KST) indicator offers a silver lining. With a reading of 164.0457 and an upward trend, the impending correction may not be as intense, which could provide a window for buyers to jump in.
Despite the Relative Strength Index (RSI’s) motion below its signal line, the bullish momentum in HNTUSD may still have some strength left as it reads 59.62. When the RSI is above 50, it suggests that buying pressure is stronger than the selling pressure in the market.
In conclusion, Helium’s Coinbase listing propels HNT to new highs, with potential for further gains despite emerging bearish signals.
Disclaimer: The views, opinions, and information shared in this price prediction are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be liable for direct or indirect damage or loss.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
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