- Helium (HNT) surged 19.45% in 24 hours, now trading at $4.08.
- The global crypto market cap hit $3.23T, up 1.08%, while volume fell 8.95%.
Helium (HNT) is seeing strong bullish momentum, surging over 20% in the past 24 hours. The token is now trading at $4.11, reflecting a 21.05% daily increase. Its market cap has climbed to $723.61 million, while the fully diluted valuation (FDV) stands at $909.64 million.
Meanwhile, the global crypto market cap has reached $3.23 trillion, marking a 1.08% increase in the last 24 hours. However, the total crypto market volume has dropped 8.95%, now standing at $96.4 billion.
Helium’s trading volume has spiked significantly, reaching $12.11 million, marking a 107.92% increase. The Marketcap ratio now sits at 1.67%, highlighting increased market participation. The circulating supply remains at 177.39 million HNT, with a maximum supply of 223 million HNT.
Will HNT Sustain Its Rally?
Helium is testing a key resistance at $4.25, which, if broken, could push prices toward $4.50-$4.75. On the downside, the support level is at $3.85; a breakdown might drive HNT toward $3.60-$3.40. The Relative Strength Index (RSI) sits at 75.54, signaling an overbought zone. Its RSI average at 57.08 suggests strong momentum, but a possible pullback if buying pressure weakens.
The moving average crossover confirms a bullish trend, as the price trades above the 20-day moving average. This crossover indicates potential further gains if momentum sustains. The Chaikin Money Flow (CMF) at 0.06 reflects moderate buying pressure, signaling increased capital inflows.
A rising CMF strengthens bullish sentiment, but a drop below zero could indicate selling pressure. If HNT holds above $4.25, it could continue its bullish breakout toward higher resistance levels. However, an RSI cooldown and profit-taking could cause short-term pullbacks.
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