Is HNT Poised To Outperform Next Month?
Is HNT Poised To Outperform Next Month?
HNT crypto bounced back from the lows of $3.65, nearly avoiding the formation of a death crossover. This death crossover comes into formation when the 200-day EMA crosses over the 50-day EMA. However, a sudden surge in Helium price resulted in the aversion of this death cross.
The Helium (HNT) price has made a remarkable surge of nearly 52% a week has opened HNT up to the potential of a rally. Also, the Relative Strength Index (RSI) has reclaimed the bullish zone as it hovers above the mean line.
The RSI is a momentum oscillator indicator that measures the divergence in the price and momentum, indicating overbought or oversold conditions. It ranges from 0 to 100 and is typically used to identify swing formation and potential trend reversals.
HNT crypto bounced back from the lows of $3.65, nearly avoiding the formation of a death crossover. This death crossover comes into formation when the 200-day EMA crosses over the 50-day EMA. However, a sudden surge in Helium price resulted in the aversion of this death cross.
The Helium (HNT) price has made a remarkable surge of nearly 52% a week has opened HNT up to the potential of a rally. Also, the Relative Strength Index (RSI) has reclaimed the bullish zone as it hovers above the mean line.
The RSI is a momentum oscillator indicator that measures the divergence in the price and momentum, indicating overbought or oversold conditions. It ranges from 0 to 100 and is typically used to identify swing formation and potential trend reversals.
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