Helium (HNT) Price Prediction 2022 – Will HNT Hit $15 Soon?
Bullish HNT price prediction is $2.17 to $12.11.
The HNT price will also reach $15 soon.
Bearish HNT price prediction for 2022 is $2.02.
In Helium (HNT) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about HNT to analyze the future movement of the cryptocurrency.
Helium (HNT) Current Market Status
According to CoinGecko, the price of Helium (HNT) is $2.17 with a 24-hour trading volume of $1,272,619 at the time of writing. However, HNT has increased by nearly 2.6% in the last 24 hours.
Moreover, Helium (HNT) has a circulating supply of 134,716,245 HNT. Currently, HNT trades in cryptocurrency exchanges such as Binance, Gate.io, KuCoin, Bybit and FTX.
What is Helium (HNT)?
Helium (HNT) is the native utility token of Helium, a decentralized wireless Internet-of-things (IoT) network. HNT was launched in 2019. The token created based on a burn-and-mint equilibrium (BME) model. HNT are burnt and converted to Data Credits (DCs) that users hold to access and use the network.
Helium operates on a proof-of-coverage (PoC) consensus algorithm. PoC relies on Honey Badger Byzantine Fault Tolerant (HBBFT). With this algorithm, the transactions are encrypted by a shared public key and can only be decrypted by an elected consensus group.
HNT tokens can be mined through ‘hotspots’, wireless devices that use radio waves. Miners mine HNT and create network coverage for IoT devices. Also, the network aims to achieve decentralized IoT communication.
Helium (HNT) Price Prediction 2022
Helium (HNT) holds the 111st position on CoinGecko right now. HNT price prediction 2022 is explained below with a daily time frame.
The above chart of Helium (HNT) laid out the descending channel pattern, also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.
Currently, Helium (HNT) is at $2.17. If the pattern continues, the price of HNT might reach the resistance level of $2.17, $2.44 and $2.57. If the trend reverses, then the price of HNT may fall to $2.02.
Helium (HNT) Support and Resistance Levels
The chart below shows the support and resistance levels of Helium (HNT).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Helium (HNT).
Resistance Level 1$3.839Resistance Level 2$6.43Resistance Level 3$12.11Support Level $2.06HNT Support & Resistance Level
The charts show that HNT has performed a bullish trend over the past month. If this trend continues, HNT might run along with the bulls overtaking its resistance level at $12.11.
Accordingly, if the investors turn against the crypto, the price of the HNT might plummet to almost $2.06, a bearish signal.
Helium (HNT) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Helium (HNT) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of HNT lies below the cutoff line, indicating weak participants in the current trend.
Moreover, the Moving Average (MA) of Helium (HNT) is shown in the above chart. Notably, the HNT price lies below 50 MA (short-term), so it is completely in a downward trend. Currently, HNT is in a bearish state. There is a possibility of a reversal trend of HNT at any time.
Meanwhile, the relative strength index (RSI) of the HNT is at a level of 35.46. This means that HNT is in an oversold state. However, this gives confidence to the traders to trade without any fear.
Helium (HNT) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Helium (HNT). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above represents the ADX of Helium (HNT). Currently, HNT lies in the range of 29.83, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of Helium (HNT). RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of HNT lies below 50, indicating that the direction of volatility is low. In fact, HNT’s RSI is at 35.46, thus confirming a potential sell signal.
Comparison of HNT with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Helium (HNT).
From the above chart, we can interpret the price changes of BTC, ETH, and HNT are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and HNT also increases or decreases respectively.
Helium (HNT) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Helium (HNT) might probably attain $20 by 2023.
Helium (HNT) Price Prediction 2024
With several upgrades in the network, Helium (HNT) might enter a bullish trajectory. If the coin grabs the attention of major investors, HNT might rally to hit $25 by 2024.
Helium (HNT) Price Prediction 2025
If Helium (HNT) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, HNT would rally to hit $30.
Helium (HNT) Price Prediction 2026
If Helium (HNT) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, HNT would rally to hit $35.
Helium (HNT) Price Prediction 2027
If Helium (HNT) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, HNT would rally to hit $36.
Helium (HNT) Price Prediction 2028
If Helium (HNT) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, HNT would hit $38.
Helium (HNT) Price Prediction 2029
If investors flock in and continue to place their bets on Helium (HNT), it would witness major spikes. HNT might hit $40 by 2029.
Helium (HNT) Price Prediction 2030
With greater advancements in the Helium ecosystem, the crypto community might continue to invest in Helium (HNT) for the next 8 years and drive significant price rallies for the token. Hence, Helium (HNT) might hit $45 by 2030.
Conclusion
With continuous improvements in the Helium network, we can say that 2022 is a good year for HNT. For this reason, the bullish price prediction of Helium (HNT) in 2022 is $12.11. On the other hand, the bearish price prediction of Helium (HNT) for 2022 is $2.02.
Furthermore, with the advancements and upgrades in the Helium ecosystem, the performance of Helium (HNT) would rise to reach above its new all-time high (ATH) of $54.88 very soon. But, it might also reach $15 if the investors believe that HNT is a good investment in 2022.
FAQ
Helium (HNT) is the native cryptocurrency of Helium, a decentralized wireless IoT network. The token was launched in 2019.
Helium (HNT) has been listed on many crypto exchanges which include Binance, Gate.io, KuCoin, Bybit and FTX.
With the ongoing developments and upgrades within the Helium platform, Helium (HNT) has a high possibility of reaching its ATH soon.
On November 12, 2021, Helium (HNT) reached its new all-time high (ATH) of $54.88.
Helium (HNT) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Helium in the past few months, HNT is considered a good investment in 2022.
Helium (HNT) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Helium (HNT) will hit $15 soon.
Helium (HNT) price is expected to reach $20 by 2023.
Helium (HNT) price is expected to reach $25 by 2024.
Helium (HNT) price is expected to reach $30 by 2025.
Helium (HNT) price is expected to reach $35 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Filed under: Bitcoin - @ December 11, 2022 12:30 pm