The post HNT Price Eyes $15 as Golden Cross Prolongs Bullish Rally appeared first on Coinpedia Fintech News
Being a high-performing coin over the last few weeks, the HNT price shows resilience during the bear market. Overcoming the minor hiccups, the Helium price trend reversal gains momentum and surpasses the $7 mark. Will the bullish trend in this Solana-based altcoin result in a price jump to $15 this quarter?
Helium Buyers Face Opposition At $7.30
With a market cap of $1.41 Billion, Helium is on the verge of entering the list of top 50 cryptos based on market cap. Considering the bullish performance, the general market sentiment on the HNT price prediction eyes $10 this year.
Over the last 36 days, the HNT price has increased 133% from the base level of $3.065 to the current market price of $7.144. Currently, the uptrend in Helium shows an intraday gain of 6.44%, forming a bullish engulfing candle. This completes a morning star pattern at the baseline of $7.
Based on the Fibonacci levels, the uptrend in the HNT price is stuck between the 50% Fib level at $6.458 and the 61.80% Fib level at $7.306. With the recent morning star, the breakout chances for Helium have increased, signaling a potential bullish extension.
Technical Indicators:
RSI: The daily RSI line hits the overbought boundary with the ongoing bull run. However, the minor correction leads to a sideways shift to prolong the uptrend.
EMA: The golden crossover in the 50D and 200D EMA bolsters the bullish trend in action. Further, the 100D EMA crossing above the 200D EMA adds another buy signal for Helium.
Where Is HNT Price Headed?
Using the Fibonacci levels, the $7.306 breakout will be a trend-decisive move in Helium. With the sideline traders anticipating a bull run to $10, a surge in broader market recovery will propel the uptrend to the 100% Fib level at $10.053.
Optimistically, a bullish trend extension can eye the 1.618 Fib level at $14.49, a 102% surge. On the flip side, the support levels are at $6.458 and $5.610 at the 50% and 38.20% Fib levels, respectively.
