HNT displays an interesting chart pattern near the vital support
Helium coin is growing rapidly nowadays and the price action of crypto gives double bottom chart pattern.
The key support area for the HNT coin is $20, where the bulls have been barely managing a cost above it since late January.
HNT holders are approaching the Red indication line of the Super Trend indicator in terms of the daily price chart.
The Helium coin has been consolidating in a broader horizontal range over the past several weeks, where sellers hold $30-key resistance and bulls barely manage a price above $20.
Stoch RSI saw a bullish move after dipping into oversold area and now the RSI is looking towards overbought area in terms of the daily price chart.
However, the Relative Strength Index (RSI) is yet to test its overbought territory on the daily price chart and is now trading at 59-mark. The semi-line (50-point) may act as a support line in the upcoming trading sessions.
The Average Directional Index (ADX) is set to move below the 20-level. Suggest a slight neutral momentum for a helium coin.
The overall cryptocurrency market appears to be stable and there is an opportunity for Helium holders to break the neckline of the double bottom formation and return to the bullish rally.
The key support area for the HNT coin is $20, where the bulls have been barely managing a cost above it since late January.
HNT holders are approaching the Red indication line of the Super Trend indicator in terms of the daily price chart.
The Helium coin has been consolidating in a broader horizontal range over the past several weeks, where sellers hold $30-key resistance and bulls barely manage a price above $20.
Stoch RSI saw a bullish move after dipping into oversold area and now the RSI is looking towards overbought area in terms of the daily price chart.
However, the Relative Strength Index (RSI) is yet to test its overbought territory on the daily price chart and is now trading at 59-mark. The semi-line (50-point) may act as a support line in the upcoming trading sessions.
The Average Directional Index (ADX) is set to move below the 20-level. Suggest a slight neutral momentum for a helium coin.
The overall cryptocurrency market appears to be stable and there is an opportunity for Helium holders to break the neckline of the double bottom formation and return to the bullish rally.