The internet of things (IoT) and web3 coins Helium (HNT) is a decentralized blockchain-based network system on connecting devices with the internet network.
Also, this network system runs on a blockchain infrastructure system based on HoneyBadgerBFT.
When we look at Coinmarketcap data in terms of fundamental analysis, the maximum and total supply of HNT, which has its own ecosystem and its own blockchain infrastructure, is 223 million.
When we examine the price movements on the daily chart of HNT below, although it increased along the trend after Binance listing and decreased compared to the market in general, the major
We can see that the trend is moving above it.
In the period between November 2021 and December 2021, HNT received its reaction from the important support zone, $ 25, by completing the falling trend movement, and then managed to rise above the 20-day EMA and reach $ 45 levels.
However, later on, parallel to the general market direction, the price could not hold on to this region again and continued its decline.
So, if we evaluate it over the current price, how can we evaluate the signals?
Since the release date, both the major trend zone and the buyers and sellers
If the important volumetric region is not broken and a good scenario works, it will be the continuation of the upward trend by providing persistence in the upper band area of about 17 dollars.
In this case, the levels of 27 dollars and then 35 dollars can be followed.
In the worst case scenario, with the withdrawal of the market in general, that is, the BTC side, from the current level, the major trend and support will be broken and withdrawn to a subzone.
On the other hand, the Ichimoku cloud, which gives an important perspective on the direction and reversals of the trend, does not yet give a signal to buy.
To summarize, a roadmap can be targeted on this trend, with the main trend maintaining its support in bad market conditions.