Popular altcoin HNT The price seems to have ended its downward trend with its recent rally. Helium excited its fans by regaining its upward momentum after the decline.
Helium, which gives rise to the candle that swallows more than one bull, Bitcoin Spot ETF It is moving towards an upward trend with its approvals. Moreover, the upward trend in trading volume supports a bullish reversal.
Koinfinans.com As we reported, after exponential growth in the last quarter of 2023, the HNT price saw a rapid retreat at the end of the year. Helium, which fell to the psychological limit of 2 dollars with a decrease of 40%, entered 2024 with a decrease.
However, the specter of a long-awaited ten-year Bitcoin Spot ETF approval this week is sending the HNT price on a hypersonic journey to surpass $7. The bull run, which has led to multiple bullish candles and a 46% bounce this week, is teasing a trend continuation next week.
Currently, HNT price is trading at $7.55 with 2.07% intraday growth and is trading above the 23.06% trend-based Fibonacci level.
Will HNT Price Go Above $10 This Month?
A look at the daily time frame chart shows the ongoing rally in HNT price fueled by a morning star, as predicted in our last analysis. Moreover, the ongoing supersonic reversal rally supports the possibility of bullishness and breaking through Fibonacci levels, especially the $8 mark.
If helium prices maintain their momentum, buyers could extend the rally to the next major resistance level at $10.43. However, if the rally fails, it could retest the $6.62 support level.