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Cryptocurrency News Articles
Should You Throw $1,000 Into Helium Right Now? HNT Price Outlook
Apr 18, 2025 at 03:30 am
Helium price just shot up over 10% over the past day, and trading volume has more than doubled. It’s turning heads, but the big question is: is this the start of a real breakout or just another fake-out?
Helium price is up more than 10% over the past day as trading volume surges.
HNT has struggled to break out of a descending trendline that could keep the bearish structure in place.
If it can break this trendline and close above it, this could mark a shift in structure from bearish to bullish.Helium (HNT) price is up more than 10% over the past 24 hours as trading volume soars. This move comes after a period of consolidation below a key resistance level.
As the chart shows, HNT has been stuck in a downward trend since November 2024. The chart shows a clear descending trendline, which is acting as a ceiling that has rejected several price moves.
After falling from above $12 to just under $2.00 between December and March, HNT staged a sharp rebound. Surging from $2.30 to $4.50 in early April, the cryptocurrency was met with resistance at the trendline, leading to another downturn.
Now, after testing the $2.20–$2.30 zone three times (in July, March, and April), the price is beginning to show a pattern of higher lows. If it can hold above $3.30 and eventually close above $4.50, this would mark a shift in structure, from bearish to potentially bullish.
However, until that breakout happens and the price can maintain itself above the triple bottom zone and triple top zone, it’s best to assume the trend remains neutral to bearish.
Right now, this lack of decisive movement keeps the cryptocurrency in a state of uncertainty.
Helium Price Chart Analysis: What’s Next For HNT
If you’re looking for a confirmed breakout, this might not be the moment yet. The price structure is improving, but without a clear close above $4.50 and strong trading volume behind it, the trend remains neutral to bearish.
However, if Helium can hold above $3.30 and starts moving upward again, this could set up for a move to $5.50 and potentially $7.00. A drop below $3.30, and especially below $2.80, would suggest the bulls are losing ground.
Overall, for those considering putting $1,000 into HNT, the chart shows signs of recovery, but until that resistance is broken, buyers should be prepared for more sideways action — or even another pullback.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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