Helium Price Analysis Remains Bullish for April
Helium price analysis remains bullish for April, suggesting that buyers may try to break the $5 mark in upcoming sessions.
Current Price Trends
HNT price showcasing bullishness hit a high of $4.5 in the last trading session. Helium price analysis suggests the bullish momentum has just started and it is likely to continue in April. The altcoin is indicating extremely bullish signals, having surged 104% in the last seven days.
In the last trading session, the HNT price broke out of the $3.000 hurdle with a massive volume. It triggered a positive sentiment and the price shot up more than 50% in the last trading session. The price broke above the 50-day and 200-day EMA levels in the 4-hour time frame, suggesting a bullish trend.
According to CMC data, currently, HNT crypto price is trading at $3.64 with an intraday surge of 29% indicating bullishness. The daily trading volume has surged by 351%, suggesting positive momentum, and the volume-to-market ratio is 7.04%. Moreover, the market cap is $655.22 million and the 24-hour trading volume is $47.49 million.
Will Helium Price Hit $5 Mark?
Source: Tradingview
The 4-hour chart shows a powerful upward trend because traders broke through the $3.638 resistance level. The price crossed all EMAs starting from the 20-day through the 100-day and 200-day.
The breakout occurs alongside the Relative Strength Index (RSI) reaching 76.18, which indicates price levels have entered the overbought territory. The bullish momentum remains strong even though the overbought signal appears because buyers maintain control of the market.
The upcoming significant barrier exists at $4.070 and serves as a potential short-term objective for additional price gains. Helium’s price maintains strong bullish momentum after breaking through crucial resistance levels across its short-term and long-term price charts.
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