Helium (HNT) Price Prediction: Will IoT Demand Fuel a New Rally to ATH?
HNT Price Analysis: Will A Triangle Breakout Cross $10 This October?Based on the Solana chain, the Helium crypto token has taken the market by storm over the past few days. With a primary focus on providing low-cost broadband access with the assistance of blockchain technology, the Helium project is setting a new benchmark in the industry.Moreover, the 57th-largest cryptocurrency has outperformed all the major cryptocurrencies on the 1st page. This highlights the increased adoption of this altcoin in the market.HNT Price Forms An Expanding Channel Pattern!Despite recording a correction of ~12% over the past week, the Helium price has formed an expanding channel pattern in the 1D time frame. Further, it has surged over 143% within 72 days, resulting in it reclaiming the $8 mark during the first half of September.Moreover, it has added ~1% within the past day with a trading volume of $14.64 million. Moreover, it has a Year-to-Date (YTD) return of 4.98%. With the recent price trend, this altcoin hints at a positive outlook in the long-term prospect.The Moving Average Convergence Divergence (MACD) has displayed an increase in the red histogram. This highlights an increase in the selling pressure. Moreover, the averages show a negative trend, suggesting a short-term correction this week.Moreover, the SMA indicator acts as a resistance to the Helium price chart in the 1D time frame.How High Will Helium Go?Suppose, a bullish reversal occurs, in that case, the HNT price will retest its resistance level of $8. Furthermore, if the bullish sentiment intensifies, amidst growing demand in IoT, this could result in its heading toward its upper high of $9.5 this month.On the other hand, if the bears continue to overpower the bulls, the Helium token could test its support level of $6.525. If the bulls fail to regain momentum at that point, the HNT crypto could plunge toward its lower support level of $5.155.To find out when will Helium price achieve a new ATH, read out Helium price prediction 2024 – 2030 We'd Love to Hear Your Thoughts on This Article!Was this writing helpful?