Back to $1 Billion Market Cap
Helium (HNT) prices are up about 150% this year, and its market cap recently reached $1 billion. Chaikin Money Flow (CMF) has turned positive to 0.15, indicating strong buying pressure and supporting recent price gains.
If a golden cross forms as indicated by the EMA line, HNT could test resistance at $6.5 and $7.2, but a reversal could lead to support at $6 or as low as $5.28.
HNT CMF is now positive
HNT CMF surged from -0.06 to 0.15 in just one day, indicating that buying pressure has turned significantly positive. CMF (Chaikin Fund Flow) measures capital flows into or out of an asset during a specific period. Values above 0 indicate net inflows (buying dominance), and values below 0 reflect net outflows (selling pressure).
The sharp rise highlights growing buyer confidence, underpinning HNT’s recent 5% price rise.
A CMF of 0.15 indicates strong bullish sentiment, indicating that the current upward trend is solidly supported by capital inflows. If the CMF continues to rise, it could signal further upward momentum for HNT, which could lead to further price increases.
Helium RSI shows potential for further price gains
helium relative strength index It climbed from 46 points to 58 points in just one day, reflecting the growing bullish momentum. RSI (Relative Strength Index) measures the speed and magnitude of price changes on a scale from 0 to 100.
Values above 70 indicate overbought conditions and a potential correction, while values below 30 indicate oversold levels, which typically lead to a rebound. An RSI of 58 indicates HNT It is in a healthy uptrend and not yet close to overbought territory.
With the RSI still well below 70, HNT’s current uptrend has room to continue before hitting overbought levels. This leaves room for further price gains as buying momentum builds.
If the RSI continues its upward trend, HT price On the back of the current bullish sentiment, further gains are likely in the near term.
HNT Price Prediction: Will HNT Hit $7 Soon?
The HNT EMA line shows a possible golden cross, where the short-term EMA crosses above the long-term EMA. This pattern is a bullish signal and usually indicates the beginning of a sustained uptrend.
If a Golden Cross forms and momentum continues, helium price A breakout of the $6.5 resistance is likely and a climb to $7.2 is possible, reinforcing its bullish trajectory and the near-term $1 billion market capitalization milestone. This will also solidify HNT’s ranking in the top 10 DePIN (Decentralized Physical Infrastructure) Coin.
However, if the current uptrend weakens and reverses, HT price May face key support levels.
The price may test $6 first, and if it fails, the price may drop to $5.57 or even $5.28.
Disclaimer
conform to trust project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.
