The post Buy Signal Flashes, Eyes $4.90 Target appeared on BitcoinEthereumNews.com.

Helium’s TD Sequential buy signal suggests a possible bullish reversal from $3.10. Inflows above $1.5M have historically triggered price rebounds and accumulation. RSI near oversold at 33.11 hints at a potential HNT trend reversal above 40. Helium (HNT) is currently trading near a key support level of $3.10, which is the lower boundary of a parallel channel. Analyst Ali Martinez notes that the TD Sequential indicator has given a “9” buy signal on the 3-day chart. Historically, similar signals at important price levels have led to strong upward moves.  If the support holds, HNT could see a notable price recovery, with potential resistance at $4.90 and possibly even extending toward $7.50. But, a breakdown below $3.10 might lead to further declines, with the next major support at $2.20. Source: X HNT’s Recent Market Behavior HNT is currently priced at $3.34, reflecting a 5.92% increase in the last 24 hours. Despite this short-term gain, the token has dropped 24.38% over the past week. Its 24-hour trading volume stands at $14.81 million, with a circulating supply of 180 million HNT.  This gives Helium a market capitalization of approximately $591.75 million. The price movements lately show ongoing market uncertainty, with traders closely watching support and resistance levels. Analyzing HNT On-Chain: Inflows, Outflows, Key Trends The HNT inflow/outflow chart shows large fluctuations, with a critical threshold around $1.5 million. Historically, inflows above this level, as seen in September and December, have lined up with price rebounds and accumulation phases.  Conversely, outflows exceeding $1.5 million, such as in mid-August and late January, have triggered substantial price declines. Neutral flow levels often indicate market consolidation, leading to limited price movement.  Related: Bittensor (TAO), Helium (HNT), Solana (SOL) Lead Market Bounce When inflows exceed $1 million, they tend to support price stability, while similar outflows increase downward…

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Filed under: News - @ February 8, 2025 6:20 am