- Helium had to finish $ 4.24 or more daily to reverse the daily market structure.
- The recent $ 4.18 can lead to a range of $ 3.3 or more, following the bounce.
Helium (HNT) fell 68.5% from $ 9.54 in December to resume psychological $ 3 support last week. This fell 68.5%in just two months.
Since December, strong purchasing shortages and continuous decline meant that the $ 3.3 district is the next weak goal.
Helium has not been on a downward trend yet despite 28% bounce.
Source: TradingView’s HNT/USDT
In the daily chart, HNT’s market structure was weak. From $ 4.24, the lower height has been emphasized as orange and remained at the level that can be won to change the structure into a stronger.
In the last two weeks, weakness has begun to weaken.
In the first week of February, there was a low price, but the RSI made a higher lowest point.
After that, Helium popped out of the $ 3 round numbers and earned 28.5%within a week.
According to the A/D indicators, this bounce was not given at a high purchase volume. This volume indicator has been in a decline since mid -December, but has seen the bounce for the last 10 days.
Source: COINGLASS
For one week, the liquidation heat map has noticed $ 3.6 for large liquidity clusters. The area was tested on February 10 and the price quickly increased to $ 4.19. This rapid bounce would have been partially higher by the short liquid staircase.
Since then, volatility has fallen and HNT has been integrated at $ 4. Self -area of $ 3.3 can damage token prices for the next few days.
The trader must prepare a range of $ 3.3 to $ 4.2- $ 4.5. In the short term, the area of $ 3.6 will stop the weakness of the weakness.
Indemnity Clause: The information presented does not make up financial, investment, transactions, or other types of advice, and is entirely the artist’s opinion.