HNTUSD going for the critical double MA Resistance test

Helium (HNTUSD) is rebounding today after having made a low just off the 6.2500 Support of the May 12 2022 Bottom. As long as this holds, we should treat this as a Double Bottom. Technically this should put to test the double MA Resistance consisting of the 1D MA50 (blue trend-line) and 1D MA100 (green trend-line), with the latter being untouched since the April 04 2022 rejection.

Interestingly enough, this Resistance is exactly where the June Lower Highs trend-line is, so HNT may have the chance to break above a Triple Resistance into a new strong rally. Keep in mind that this is backed by the Bullish Cross on the 1W MACD.




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