Helium Price Spike Highlights Trend of Decentralized Physical Infrastructure (DePIN) Tokens

Helium price has surged by 12% in the past 24 hours, climbing to $5.90. This uptrend follows a pattern observed in Decentralized Physical Infrastructure (DePIN) tokens. Helium price analysis indicates a bullish trend, with the bulls intending to drive the price above the $6.0 resistance level, targeting $8.5. However, the 50-day SMA still trades below the 200-day SMA, indicating a possibility of a price retrace. Investors are also showing interest in the Dogeverse (DOGEVERSE) presale, which has raised over $12.6 million.

Surge in Helium Price Underscores Trend of Decentralized Physical Infrastructure (DePIN) Tokens

The price of Helium (HNT), a leading blockchain-based DePIN project, has surged by 12% in the past 24 hours, reaching $5.90 as of 02:39 p.m. EST. This significant increase is accompanied by a 7% rise in trading volume, which now stands at $66 million.

DePINs have been gaining steady traction in recent months, as they offer users the opportunity to own and control their data through the utilization of blockchain technology. This surge in Helium's price aligns with the growing interest in DePINs.

Technical Analysis of Helium Price

Helium's price trajectory has been characterized by a series of notable movements. In March, the price experienced a decline from $10 to $6, followed by a consolidation phase in April. The bears initially gained dominance, driving the price down to $3.6. However, the bulls regained momentum, propelling the price upward to $6.0, forming a rounding bottom pattern.

Presently, Helium trades above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the bullish trend. The Relative Strength Index (RSI) of 70 indicates significant buying pressure.

Helium Price Prediction

The Helium price analysis on the 4-hour chart reveals a strong bullish trend, with HNT trading within the upper threshold of the rounding bottom pattern. Bulls aim to breach the $6.0 resistance and target $8.5.

However, the 50-day SMA remains below the 200-day SMA, which could potentially trigger a price retracement. In this scenario, bears might attempt to exert downward pressure at the $6.0 level, pushing the price towards the next support at $5.06, coinciding with the 200-day SMA.

Dogeverse Presale Surges Past $12.6 Million

Amidst the Helium price surge, investors are also flocking to the Dogeverse (DOGEVERSE) presale, which has raised over $12.6 million in less than a month. This notable achievement has prompted crypto analysts, such as Jacob Bury, to speculate that Dogeverse has the potential to soar by 100X upon its launch.

Unique Features of Dogeverse

Dogeverse distinguishes itself through its multichain network, which encompasses Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base. This cross-chain compatibility enables seamless operation across multiple blockchains, fostering a diverse and inclusive community.

Cosmo the Doge, the project's mascot, possesses the ability to hyperjump between crypto networks, giving Dogeverse the unique advantage of interoperability. This feature enhances the token's accessibility and utility within the meme coin sector.

Dogeverse also features a staking system that offers holders an impressive 89% annual return. Individuals can participate in the presale by purchasing DOGEVERSE tokens for $0.000304 each. A price increase is anticipated in approximately 19 hours.

Potential investors can participate in the presale directly from the official website, accepting ETH, USDT, or bank cards as payment methods.

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