Despite showing decent upward momentum successful caller weeks, Helium (HNT) has started to suffer steam. Although the coin is inactive connected the green, the uptrend is present teetering and could all-together travel to a halt. Technical indicators suggest a short-term decline. More details to travel but first, immoderate highlights:
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Despite losing immoderate of its upward momentum, Helium (HNT) is inactive astir 7% up implicit the past 7 days.
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At the clip of writing, the coin had taken a 7% plunge successful intraday trading, selling for astir $37.92.
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Helium (HNT) is besides present beneath its 200-day Simple Moving Average, showing a bearish trend.
Data source: Tradingview.com
Helium (HNT) – Price prediction and analysis
Most coins successful the broader crypto marketplace person benefited from the Santa rally we saw connected Christmas. But it seems Helium (HNT) won’t beryllium holding this momentum for long. After surging past the $41 mark, the coin has reversed immoderate of those gains, pushing beneath its $40.92 enactment line.
The terms could proceed good into $35. We expect Helium (HNT) to effort and consolidate astir that price. However, if we gaffe beneath $35, past a bearish downtrend could beryllium connected the cards.
Besides, Helium (HNT) is besides trading beneath its important 200-day Simple Moving Average. One large upside is the RSI. In the past 7 days, it has shifted from overbought to neutral. This could suggest that determination is inactive buying spot coming in.
Should you bargain Helium (HNT)?
It depends connected your concern goals. In lawsuit you are a short-term speculative trader, possibly this is not the close clip to bargain Helium (HNT). It could beryllium heading to a downtrend, and you don’t privation to participate the commercialized now. But for semipermanent investors, hold immoderate days for a decent dip successful the terms and bargain it. There is inactive truthful overmuch semipermanent worth to beryllium unlocked with Helium (HNT).
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