Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Is the forecast in favor of the bulls as HNT price retests the $9 hurdle?
ALTCOIN NEWS

Is the forecast in favor of the bulls as HNT price retests the $9 hurdle?

By Crypto FlexsJanuary 28, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Is the forecast in favor of the bulls as HNT price retests the  hurdle?
Share
Facebook Twitter LinkedIn Pinterest Email

  • HNT has been seen range forming over the past 6 weeks.
  • Fibonacci retracement levels and OBV showed that a move above $9 is possible.

Helium (HNT) is up 47% over the past four days. This reversed the market structure to a bullish one on the daily price chart.

However, the $9 resistance zone defied HNT strength in December and could do so once again.

Technical indicators highlighted a strong bullish bias for the token. Combined with the recent uptrend, it appears likely that the $9 region will be broken in this attempt.

Review scope shaping ideas

AMBCrypto projects a HNT range from $5 to $8.9, with the mid-range level being $6.95. All three levels have been important over the past six weeks.

Therefore, another rejection in the $9-$9.6 area is likely.

Alternatively, the upward trend in OBV in January showed that buyers are relentless.

Combined with the bullish market structure collapse on January 27th, a breakout above $9.6 appears more likely to be rejected. However, this may depend on the strength of Bitcoin (BTC).

Source: HNT/USDT on TradingView

Another factor supporting the breakout idea was the Fibonacci retracement level (yellow). They showed that the early January sell-off did not end below the $5.18 level, which is the 78.6% retracement.

Therefore, a move above $10.96 was likely to support the Fib level.

Market sentiment assessment

OBV and RSI showed a clear bullish bias in the market despite the volatility of the past month. However, the open interest chart shows that sentiment was bearish for most of January.

HNT retests the $9 hurdle once again.  Will the bull win?

Source: Coinglass

Coinglass also noted that open interest has been decreasing since January 1st. There were days, such as January 9th and 10th, when the OI surged along with the price.


How much is 1, 10 and 100 HNT worth now?


The decline in OI for the rest of the year highlighted bearish sentiment among speculators.

Since January 25th, OI has risen along with the price of HNT. This signaled strong bullish sentiment in the futures market and willingness to buy. Therefore, HNT may surpass the $9 level.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025
Add A Comment

Comments are closed.

Recent Posts

France can break the EU password market with ‘atomic weapons’.

September 15, 2025

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

BitMine Immersion (BMNR) Announces Crypto And Cash Holdings Of $10.8 Billion, ETH Holdings Exceeding 2.151 Million

September 15, 2025

How SWLMiner Could Help You Get The IPhone 17 Air

September 15, 2025

Metabuses are increasing again -Records in August +13k NFT users

September 15, 2025

Rabby Wallet integrates XRPL EVM chain with peersyst

September 15, 2025

Stop Dreaming About The Lottery. Join H Mining And Start Earning!

September 14, 2025

Web3 EXEC warns that the US dollar Stablecoin end game is not priced.

September 14, 2025

Binance’s new Defi Initiative sparked Rollish Momentum, and BNB hit a new ATH of more than $ 900.

September 13, 2025

Top 5 Crypto PR Agencies to Scale Your Blockchain Project in Europe

September 13, 2025

The price of Etherrium surges beyond $ 4,500. -Main level for monitoring more profits

September 12, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

France can break the EU password market with ‘atomic weapons’.

September 15, 2025

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

BitMine Immersion (BMNR) Announces Crypto And Cash Holdings Of $10.8 Billion, ETH Holdings Exceeding 2.151 Million

September 15, 2025
Most Popular

LBank releases weekly listing report for April 22, 2024

April 22, 2024

A top trader says the altcoin, which exploded more than 600% in a month, is ready to experience a ‘long, slow hemorrhage’.

December 28, 2024

Web3 growth marketing leader Addressable completes $13.5 million fundraising led by BITKRAFT

December 21, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.