Can HNT Surpass $10? An In-depth Analysis of Helium (HNT) Price Trends Amidst Market Dip
- The Helium (HNT) price has experienced a decline, falling below $5.50, sparking speculation about its potential to reach $10.
- Despite the dip, the cryptocurrency’s bearish trend from March to April appears to have been broken, indicating a possible end to the latest bearish phase.
- Helium’s DePIN network, however, is yet to secure any meaningful global adoption, making its long-term success highly speculative.
As HNT price falls under $5.50, we delve into the Helium price prediction and explore whether it can reach the $10 mark. We also look at an alternative high-risk, high-reward investment in the form of Wiener AI (WAI).
Helium Price Prediction – Can HNT Reach $10?
After snapping its downtrend in late April, the Helium price has formed short-term support. This suggests that while a new bull run may not be imminent, the latest bearish phase is likely over. For a new push to yearly highs above $10 to begin, HNT needs to break above its 50 and 200DMAs, both of which are sat between $5.40 and $5.70. A convincing breakout above $6.0 should send the signal that these levels are gone. The next major area to target would be the $8.0 balance zone, followed by $10. Despite its small market cap of around $860 million, $10 is easily achievable for Helium.
