HELIUM Price Prediction, Correction Make U Turn or Extend its Journey
- Despite market uncertainty, HNT price demonstrates steady recovery.
- Helium's recent launch of a $20/month nationwide phone plan bolsters momentum. The plan provides users with an unrestricted and cost-effective mobile experience, attracting attention.
Rounding bottom shapes HELIUM current recovery trend.
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According to Coingabbar Technical Analysis, Helium coin's recovery is characterized by a rounding bottom, signaling a likely continuation of the trend.
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The recovery phase began in November, with a rebound from the $4.2 mark.
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On December 23rd, a long-tail rejection candle emerged, indicating ongoing buyer accumulation during market dips.
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A healthy retracement in Helium's price contributes to the overall bullish trend outlook.
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A significant breakthrough occurred as the coin surpassed a crucial resistance level at $3.8, marking the end of a year-long accumulation phase.
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Bouncing back from the last swing low of $4, Helium's price has surged by an impressive 115%, reaching the current trading price of $8.43.
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A recent breakout from the $8.2 resistance level positions buyers for a higher recovery target of $10.
KEY LEVELS :
RESISTANCE LEVEL : $7.60-$7.90
SUPPORT LEVEL : $6.95-$6.60
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
