Helium is Predicted to Drop to $7.06 By Dec 23, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Helium is up 6.88% today against the US Dollar
• HNT/BTC increased by 9.25% today
• HNT/ETH increased by 9.07% today
• Helium is currently trading 9.01% above our prediction on Dec 23, 2023
• Helium gained 277.00% in the last month and is up 348.00% since 1 year ago

HNT price is expected to drop by -8.13% in the next 5 days according to our Helium price prediction

is trading at $ 7.70 after gaining 6.88% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 4.63% in the same time period. HNT performed well against BTC today and recorded a 9.25% gain against the world’s largest cryptocurrency.

According to our Helium price prediction, HNT is expected to reach a price of $ 7.06 by Dec 23, 2023. This would represent a -8.13% price decrease for HNT in the next 5 days.

HNT Price Prediction Chart

Buy/Sell Helium

What has been going on with Helium in the last 30 days

Helium has been displaying a positive trend recently, as the coin gained 277.00% in the last 30-days. The medium-term trend for Helium has been bullish, with HNT increasing by 433.00% in the last 3 months. The long-term picture for Helium has been positive, as HNT is currently displaying a 348.00% 1-year price change. On this day last year, HNT was trading at $ 1.72.

Helium reached its all-time high price on Nov 12, 2021, when the price of HNT peaked at $ 55.17. The current HNT cycle high is $ 8.99, while the cycle low is at $ 1.16. HNT has been displaying high volatility recently – the 1-month volatility of the coin is at 45.94. Helium recorded 16 green days in the last 30 days.

Helium technical analysis for today – Dec 18, 2023

The sentiment in the Helium markets is currently Bullish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 6.62, $ 6.12 and $ 5.45, while $ 7.79, $ 8.46 and $ 8.97 are the key resistance levels.

Bullish sentiment for Helium

27 indicators are currently signaling a bullish prediction for Helium, while 1 indicators are showing a bearish forecast. With 96% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Helium.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 65 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Helium moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Helium is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Helium is at 76.79, suggesting that HNT is currently overbought.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Helium over the last 50 days. Currently, Helium is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the HNT closing price for the last 200 days. HNT is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Helium prediction

After considering the above factors, we can conclude that the current forecast for Helium price prediction is Bullish. HNT would have to decrease by -8.13% to hit our $ 7.06 target within the next five days. Moving forward, it will be important to monitor the HNT market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Helium price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.