Helium (HNT) Price Tests Key Levels as Momentum Softens
Helium (HNT) prices are up more than 8% in the past 24 hours, raising eyebrows as it attempts to regain recent momentum. Despite the short-term gains, technical indicators point to mixed trends ahead.
ADX highlights the weakening trend strength, while relative strength index Point to the neutral zone. With the EMA line showing the potential for a bullish crossover, HNT faces a critical moment that could determine whether it surges to $9.53 or tests key support near $6.86.
HNT current trend is losing momentum
helium The Average Directional Index (ADX) is currently at 26.5, down sharply from over 50 points a week ago. During this period, its price reached above $9, the first time it hit these highs since March 2024.
ADX’s decline reflects a weakening in the strength of its recent uptrend and may signal a pause or slowdown in momentum.
ADX measures the strength of a trend, but not its direction. Values above 25 indicate a strong trend, while readings below 20 indicate a weak or no trend.
At 26.5 years old, HNT ADX is hovering above the strong trend threshold, indicating that while the trend remains intact, it is weakening. If HNT price aims to resume its uptrend, ADX must climb higher, indicating new momentum and stronger buying interest.
Helium RSI is currently Neutral
HNT’s Relative Strength Index (RSI) currently stands at 52, down from over 70 in early December when the price surged sharply. This decline indicates less buying momentum compared to previous overbought conditions.
While the RSI remains in neutral territory, this reflects some cooling in market enthusiasm after the recent rally. It should also be noted that HNT On December 10, the RSI reached 28, indicating that buying pressure may be returning.
RSI measures the speed and magnitude of price changes and ranges from 0 to 100. Values above 70 indicate overbought conditions and often signal a potential reversal or correction. Readings below 30 indicate oversold conditions and prices may rebound.
When RSI is 52, HT price It is neither overbought nor oversold, indicating that it is consolidating. In order to resume the uptrend, the RSI needs to climb higher, reflecting renewed buying intensity. Conversely, a break below 50 could signal further weakening of momentum.
HNT Price Prediction: Can it Reach $9 Again?
The Helium Exponential Moving Average (EMA) line is showing mixed signals. Recently, its shortest moving average crossed below another moving average, indicating bearish momentum.
However, the shortest moving average has started to rise again. If it moves back above, it could indicate new bullish energy and could trigger a price surge as DePin (decentralized physical infrastructure) The narrative attempts to continually enhance the appeal.
If a bullish crossover occurs, helium price A retest of resistance near $9.53 is likely. However, the weak trend highlighted by the ADX suggests caution. If a downward trend occurs, HT price A test of the support at $6.86 is likely.
If it fails to hold this level, the price could fall further to $5.55, a drop that could reach 33%.
Disclaimer
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