Objavljeno prije 3 sati
Amid the increasingly negative sentiment in the crypto market for high CPI data, the Helium coin price offset a bullish pattern. This development happened when the prices breached the rising support trendline, indicating the sellers possess trend control. A potential downfall could plunge the price to the $3.2 mark.
Ključne točke:
- A Bearish breakdown from the support trendline suggests a revisit to the $3.2 support
- The Helium coin price obtains constant resistance from 20-and-50-day EMAs
- Unutardnevni obim trgovanja helij kovanicom iznosi 27.2 miliona dolara, što ukazuje na gubitak od 26.5%.
Izvor- tradingview
The HNT coin price had promised a recovery rally over the past weeks resulting in a 78% jump from $3.2 to the bearish ceiling of $5.7. The price action also led to a supporting trendline building an ascending triangle in the daily chart.
However, the downfall of 4.7% on 7th October led to the bearish fallout of the support trendline, nullifying the bullish pattern. Currently, the fallout rally displays a diagonal trend struggling to reach the $3.2 support level, highlighting increased Demand at lower levels.
Thw daily candle shows intraday jump of 3.39 but struggles to surpass the 20-day EMA leading to higher price rejection.
Therefore, the struggling Bearish powers to find momentum for the fallout rally increases the possibility of a bullish turnaround. Thus, a bullish breakout of the opposing EMA will signal an early sign of trend reversal and may surge the HNT price to $5.7 resistance.
On a contrary note, a possible reversal from the trendline will highlight a retest entry and prolong the downfall to the $3.2 mark.
Tehnički indikator
EMA: the 20-and-50-day EMA has acted as excellent dynamics resistances during the ongoing downfall. Until these resistance EMAs are intact, the coin holders can expect an aggressive downfall.
MACD indikator: u MACD and signal line breakdown from the midline accentuates a negative among market participants.
- Nivoi otpora - 5.7 dolara i 6.75 dolara
- Nivoi podrške - $3.9 i $3.1
Predstavljeni sadržaj može sadržavati lično mišljenje autora i podložan je tržišnim uslovima. Istražite tržište prije nego što investirate u kriptovalute. Autor ili publikacija ne snosi nikakvu odgovornost za vaš lični finansijski gubitak.
Source: https://coingape.com/markets/helium-price-sets-a-revisit-3-2-accumulation-zone-buy-again/