- Helium (HNT) has surged 79% over the past month, climbing from $4.74 to $8.50, with a 6.70% gain today alone pushing its market cap to $1.36 billion.
- HNT successfully broke through resistance at $7.79 and is now targeting the next resistance level at $8.64.
- If bulls push past $8.64, HNT could quickly target $9.56, representing a potential 10.63% gain.
- Technical indicators show RSI at 71.96 and RSI-MA at 69.13, suggesting overbought conditions but with potential for continued bullish momentum.
Date: Fri, Sept 06, 2024, 05:22 PM GMT
Helium (HNT), the IoT token, has been on a remarkable run in the cryptocurrency market. Over the past month, while many altcoins have experienced volatility, Helium has been steadily climbing, recording an impressive 79% gain. Starting at $4.74, HNT has surged to its current price of $8.50.
Today alone, HNT is up by 6.70%, pushing its market cap to $1.36 billion.
Is a 10% Gain Next?
Looking at the charts, today’s surge comes after HNT successfully broke through the resistance level of $7.79. Now trading at $8.42, the next critical resistance level to watch is $8.64. If the bulls manage to push past this point, HNT could quickly target $9.56, which would mark a 10.63% gain.
Technical indicators are also showing strong momentum. The Relative Strength Index (RSI) is currently at 71.96, while the RSI-based Moving Average (MA) sits at 69.13. Both figures suggest that HNT is in overbought territory, but the bullish momentum may still have room to grow.
As the market keeps an eye on Helium, traders are watching closely to see if the cryptocurrency can sustain its momentum and hit that next target.
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