The post The HNT Token Price Gave a Breakout; Is It the Time to Buy? appeared on BitcoinEthereumNews.com.

Helium (HNT) token glimpsed a sharp buying momentum and decisively topped the crucial hurdle of $10. A rounding bottom formation, whose neckline was breached, and a much-awaited breakout was glanced on the charts. Similarly, a bullish crossover was noted, which signifies that the breakout is loyal, and a further up move toward $12 can be foreseen soon. HNT token price is trading beyond the key moving averages and is offering an uptrend for the past sessions. Moreover, the price action represents a rebound from the 50-day EMA mark and conveys the buying momentum. On the other hand, sellers looked trapped and aggressively covered their positions, which led to an up move in the recent sessions. The Helium token (HNT) price was $10.40 at press time, with a massive intraday gain of 13.22%, showing bullishness on the charts. Moreover, the trading volume increased by 67.13% to $20.27 Million, highlighting the pullback. The pair of HNT/BTC is at 0.000199 BTC, and the market cap is $1.02 Billion. Analysts are bullish and suggest that the HNT price will continue to extend gains and may reach $12 soon. HNT Price on Daily Charts Displays Rounding Bottom Pattern Breakout Source: HNT Price Chart By TradingView The Helium price denoted an enthusiastic buying momentum on the daily charts and caught a ripple of over 80% from the start of 2024 till now. Moreover, the buyers have acquired stability and persisted in accumulating the gains, which shifted to carry forward the bull rally. The token price has assembled fresh higher high swings. It replicates the three white soldiers pattern, displaying investor interest. The Relative Strength Index (RSI) curve climbed to the overbought zone and noted a positive crossover on the charts. Moreover, the Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover and suggests an outperformance…

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Filed under: News - @ February 15, 2024 8:10 pm