Publicat acum 11 ore
Helium coin price downfall initiated in Mid august has stalled at the $3.28 mark. However, after marking a new 2022 low of $3.28, the altcoin switched into a sideways rally. Thus, the coin price walked a lateral path for nearly a month, trying to sustain above the newly obtained support.
Puncte cheie:
- A breakout from a symmetrical triangle pattern should end the ongoing consolidation in HNT price.
- The daily-RSI slope on the verge of entering bullish territory reflects the market sentiment is improving
- Volumul de tranzacționare pe parcursul zilei în moneda Helium este de 22.3 milioane USD, ceea ce indică un câștig de 30.2%.
Sursă- tradingview
The Helium coin price resonating within two converging trendlines indicates a model triunghi simetric formation. Under the influence of this pattern, the price spread has narrowed significantly, reflecting a no-trading zone.
This triangle pattern is considered a continuation pattern, and as per the technical setup, it should resume the prior downfall. A breakout below the support trendline will trigger this chart pattern and replenish the bearish momentum.
A breakdown from the support trendline will tumble the prices by 30% and hit the September low support of $3.3
However, this triangle pattern holds the possibility of a dual-side breakout. Therefore, a breakout above the resistance trendline will encourage a new recovery cycle in helium coins.
Nonetheless, the new traders should avoid entering the market until the coin price is wavering inside the chart pattern.
Indicator tehnic
Indicator MACD: contrary to the sideways movement, a steady rise in MACD și linia de semnal indicates growth in bullish momentum. Moreover, a breakout above the indicator midline will give an extra edge for price recovery.
EMA: The 20-and-50-day EMAs have offered dynamic resistance during the recent downfall in Helium price. Thus, for any recovery attempt, the aforementioned EMAs resistance could be a sharp turning point if market sentiment assists too.
Helium Coin Price Intraday Levels
- Rata spot: 4.62 USD
- Tendință: lateral
- Volatilitate: medie
- Niveluri de rezistență - 5.7 USD și 6.5 USD
- Niveluri de suport - 3.9 USD și 3.25 USD
Conținutul prezentat poate include opinia personală a autorului și este supus condițiilor pieței. Faceți cercetările de piață înainte de a investi în criptomonede. Autorul sau publicația nu își asumă nicio responsabilitate pentru pierderea dvs. financiară personală.
Source: https://coingape.com/markets/heres-why-helium-coin-price-could-soon-trigger-a-direction-rally/