The post Helium Reversal Rally Teases a Breakout Run To $10 appeared on BitcoinEthereumNews.com.

Helium has registered a 70% surge with a double bottom reversal surpassing $5, as buyers are looking to extend the uptrend to $10. With the Bitcoin price holding above the $67K mark, the altcoins are picking up pace. Amid the top performers, Helium continues the bull run from last week with a 4.42% surge on Monday. As the Helium upsurge triggers a reclaim of the psychological level at $5, the buyers anticipate an uptrend continuation. Will the bull run reach the next psychological mark of $10 for a 100% surge? Trend Reversal for Helium Surpasses All the EMAs Turning around from the recent 68% correction in Q2 2024, Helium finds a solid support range at the $2.85 level. Despite cracking under the $3 level, the price action reveals a double-bottom reversal with the baseline at $2.85. The bullish reversal surpasses all the crucial daily EMAs (20,50,100,200) and accounts for a 75% surge in the last 16 days. Currently, the HNT token trades at $5.155 with an intraday rise of 0.53% and a streak of bullish candles. HNT Price Chart The trend reversal signals a rounding bottom reversal in the HNT token with a neckline at $6.148. Further, the neckline coincides with the 38.20% trend-based Fibonacci level.  With the surge in Helium’s price, the 20D EMA gives a bullish crossover with the 50D EMA. Further, the MACD and signal lines maintain a bullish trend, crossing into the positive territory with a streak of positive histograms. Will HNT Surge 100% in 2024? As per the trend-based Fibonacci levels, the bullish reversal in Helium has surpassed the 23.60% Fib level. Further, with the rounding bottom reversal approaching the neckline at the 38.20% level ($6.148), the breakout rally increases the uptrend momentum.  Based on the retracement levels, Helium could reach the $11.462 mark, surpassing…

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Filed under: News - @ July 23, 2024 5:24 pm