We’ve compiled everything you need in order to get a better understanding of HNT price – as well as the factors which influence it. Since joining the crypto market, its price has changed significantly and if you want to know why then you’re in the right place. HNT is the blockchain’s native cryptocurrency and is used to generate Data Credits. Devices such as the Helium Hotspot wireless router send and receive data transmitted from sensors and IoT devices, while data transmission is paid for with Data Credits. The blockchain uses a form of Proof of Work known as Proof of Coverage in which miners must prove they are creating wireless networks. The goal of the project’s open-source blockchain technologies is to create a trustless model for building wireless infrastructure. Launched in July 2019, Helium provides a decentralized blockchain network called The People’s Network for Internet of Things devices. And the lowest recorded HNT price is EUR. The highest recorded Helium price is EUR. The market rank of Helium is based on a market capitalization of EUR. The price has changed by EUR in the past 24 hours on trading volume of EUR. ![]() That may pull Helium down first toward $22.4 and later $20.The current Helium price is EUR. The positive view would be invalidated if the price turns around and plummets below the 200-day SMA. If buying pressure drove and sustained the price above $29, HNT could break above the descending trendline toward $36. However, the horizontal price action was unlikely to continue for long. This was validated by the flattening moving averages and the sideways movement of the Relative Strength Index (RSI) close to the midline at 48.9. The price has since been trading in a tight range between aforementioned levels, suggesting accumulation. The recovery hit a wall at the $29 level, coinciding with the descedning trendline and HNT recoiled to seek support from the $26.8 which was later embraced by the 200-day SMA. ![]() The buyers aggressively purchased the dip to $20 and pushed the price back above the said moving average on January 26. Helium plunged below the 200-day SMA which sat at $26.7 on January 21, but the sellers could not sustain the lower levels. However, a drop below the handle low at $16.5 could see Chainlink fall to retest the $16.0 support level coinciding with the 50-day SMA a move that could invalidate the optimistic outlook. LINK/USD Four-Hour Chart Chart by Tradingview ![]() Moreover, the movement of the MACD above the Zero line in the positive region suggested that Chainlink’s market sentiment was still positive. This technical outlook was validated by the position of the Moving Average Convergence Divergence (MACD) line (blue) above the signal line (orange). A slice through this barrier may see LINK rise toward the target of the governing chart pattern around $22.2, bringing the total gains to 28%. Such a scenario would see the oracle network token rise to confront resistance from the $19.5 level, gaining 10%. Note that this chart pattern may be confirmed once a four-hour candlestick closes above the handle’s high of $18.2. LINK price shaped a cup-and-handle chart pattern over the last ten days as shown on the four-hour chart. Helium (HNT) downward spiral took it below the 200-day Simple Moving Average (SMA), but the altcoin has since reclaimed this crucial level and seemed to have entered a consolidation phase. Helium price traded in a tight range after finding support from the 200-day SMA.Ĭhainlink (LINK) relief rally rose above $17 on January 30, and appeared set for a move higher as illustrated by a significant chart pattern.Chainlink price seemed set for a 28% run up to $22.
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