- Price (HNT): 49.79 USD (previous week: 33.50 USD)
- Resistances / Targets: $ 52.25, $ 54.93, $ 59.24, $ 68.08, $ 71.76, $ 79.40, $ 91.86
- Supports: $ 47.82 / $ 46.77, $ 42.92, $ 40.74, $ 39.07, $ 37.28, $ 34.31, $ 30.60, $ 26.61, $ 22.58 , $ 19.45
- After the eruption, the helium course jumps massively northwards above 30.60 USD.
- $ 37.28 now acts as the first major support.
- Next relevant price target on the upside at USD 79.40.
Helium’s approach to building a decentralized Internet offering based on blockchain has received a significant boost in the last few months of trading. In some areas of the USA, such as in Silicon Valley’s capital San Rosé, the rollout of the offer is currently beginning. This development resulted in a significant price increase for the helium token HNT in the last two trading months. After breaking above the existing all-time high at USD 26.61, the HNT price more than doubled. Helium peaked to $ 59.24 before profit-taking began. After an interim correction of up to USD 40.74, the HNT price rose again northwards and was quoted at around USD 50.00 at the time of this price analysis. (Also Read: Decentraland back on track after consolidation can reach 10$ in 2021)
Bullish variant (helium)
The positive mood of the last few weeks of trading continues with helium. If the bulls manage to overcome the range of the daily closing prices of the last trading days at USD 50.50, the 78 Fibonacci retracement at USD 52.25 will first come into focus. If this price level is regained, a break through to yesterday’s high at USD 54.93 is likely. Only when this resistance can be broken dynamically, a retest of the all-time high at USD 59.24 should be planned. If the buyer side manages to sustainably overcome the previous high, the next price targets will be activated at USD 68.08 and USD 71.76.
Reaching the orange resistance area should tempt some investors to take more profit. If helium can subsequently stabilize above USD 59.24 and also leave the 138 Fibonacci extension behind in the medium term, another price jump to the 161 Fibonacci extension is conceivable. For the time being, this price mark is to be seen as the maximum price target. If the bulls manage to break through this resistance at the daily closing price in the medium term, investors will focus on the maximum price target for the coming months of USD 91.86.
Bearish variant (helium)
The bears must now try to cap the HNT price below USD 54.93, but no more than below the all-time high, in order to preserve their chances of a price correction. If the seller succeeds in pushing the HNT rate back below today’s low of USD 45.86, the upper edge of the green support zone at USD 42.92 will be the target. The 50s Fibonacci retracement of the current trend movement can also be found here.
So the cops will want to fight back here. If the HNT price falls below this mark, the correction expands to the low at USD 40.74. A drop below this support level activates the next price target at USD 39.07. The 38th Fibonacci retracement can be found here. If the bulls fail to get back into the market here either, the downward movement extends to $ 37.28. The EMA20 (red) can be found just below. A ricochet is to be expected at the first attempt.
Significant correction can be envisaged from here on
Should the overall market also correct more clearly, Helium should also continue to decline and target the important chart area around USD 30.60. In addition to the red upward trend line, the starting point of the price rally, the supertrend also runs here in the daily chart. The buyer side is likely to use the opportunity of a price setback in this zone for new entrants. If, contrary to expectations, there is no reversal to the north, the HNT rate is likely to extend its correction to at least USD 28.96 (EMA50) (orange). A relapse below that should lead helium to the maximum expected bearish price target of USD 26.61 in the short term.
This support level is derived from the old high of August 23, 2021. If the bulls fail to stabilize the HNT price here, the chart will darken significantly and a price decline into the red support zone would have to be planned. The range between $ 22.58 and $ 19.45 acts as the last lifeline for the buyer side. The EMA200 (blue) and the MA200 (green) are currently in the area of 19.56 USD, which is why a rebound to the north would be very likely here.
The MACD indicator as well as the RSI show buy signals in the daily chart this week as well. A trend following movement is also preferable on the indicator side.
Disclaimer: The price estimates presented on this page do not constitute buy or sell recommendations. They are only an assessment of the analyst.
Helium Price Prediction
Below we have collected the most reliable price projections for Helium (HNT) from popular forecast platforms.
#1. WalletInvestor HNT Price Prediction for 2021, 2023, 2025
According to WalletInvestor, Helium price will grow from $54.1 to $67.289 in one year. That makes HNT an awesome investment. The long-term earning potential is 24.38%. Predicted price for the end of 2026 is $166.288.
#2. TradingBeasts HNT Price Prediction for 2022
Answering the question about if Helium is a good investment, TradingBeasts say a resounding no. In the 2021 perspective, this coin price is predicted to reach $40.292 with a growth to $44.806 by the end of 2022.
#3. DigitalCoin HNT Price Forecast for 2021, 2022, 2023, 2025
In DigitalCoin analysis, the price of Helium cryptocurrency will rise in the next 5 years starting from $50.4577519 as of today’s price to $226.0014046. It will go up to $83.0713954 by 2022 and continue its growth in 2023-2024. Based on this forecast, Helium is a profitable long-term investment.
As it can be clear from the analysis cited above, Helium (HNT) projections are rather contradictory. There is no universal consensus either about positive or negative future HNT price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Helium projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.