The post Helium: If THIS level holds, HNT could move past $4.45, unless… appeared on BitcoinEthereumNews.com.

HNT price action trading in a massive rising wedge pattern with the apex of the structure at around the $4.45 zone. The short and long liquidity clusters around price could be a precedent for a potential price move in the short term. Helium [HNT] posted a modest 1.68% gain, outpacing most top 100 cryptos in the past 24 hours. On the 4-hour chart, HNT continued trading within a large rising wedge pattern, with the apex near $4.45. At press time, HNT held around $3.967. A clean breakout above $4.45 could trigger a fresh move toward $5.00 or higher. On the other hand, a breach below the ascending trendline support at $3.60 could influence the bullish setup negatively. This could pull the pair to $3.40 in the process. Source: TradingView The MACD indicator gave a bullish crossover with the MACD line crossing the signal line at 0.011 and -0.004 respectively. The histogram was 0.015 in the upper range, indicating possible up-trend. However, vulnerability was suggested by the price being so close to the trendline support at $3.60. If HNT managed to maintain itself above $4.00 and break through $4.38, then it could confirm bullish strength. On the contrary, a fall below $3.60 may activate a bearish pressure encompassing $3.40 as the next level of interest. How liquidation levels could shape the next move An analysis of the Liquidation Heatmap showed a massive short liquidity at $3.89 being liquidated. Other short positions continued to develop close to this level. At the current price, there were huge leveraged positions. If HNT pushes higher, the $4.36 cluster may attract price action, triggering more short liquidations and increasing volatility. Source: Coinglass On the other hand, if the price decreased, the emerging liquidity under $3.89 could pull the price down. This would cause more liquidation of…

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Filed under: News - @ May 16, 2025 4:22 am