HNT Price Prediction: After The 10% Jump, Helium Eyes $12

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As the Bitcoin price tops the $57,000 mark after a span of two years, the altcoins are lifting off from their base levels with excitement. Amongst the top performers, the HNT price takes off from its support trendline.

Ready to surpass the overhead ceiling of $10 to form a new 52-week high, the altcoin is ready to offer a new bull run. Further, as per our HNT Price prediction, the breakout rally brings a 20% possibility of surpassing $12. 

Will HNT Price Cross $10?

Sustaining the bullish trend of the higher high formation, Helium buyers sustain dominance over the ascending support trendline. Further, the HNT price completes a successful retest of the $8 breakout.

Source- Tradingview

With the $8 support zone retest, previously a crucial resistance, aligning with the 38.20% trend-based fib level, the uptrend gains credibility. Moreover, the overnight jump of 10% to form a bullish engulfing candle as a retest reversal increases the hype.

Currently, the HNT price trades at $9.30 with an intraday gain of 1.49% and a long wick formation. Thus, the daily candle showcases a selling pressure at higher levels leading to a quick drop.

• DMI indicator: The ADX line in the upswing shows a rising trend in momentum for HNT price, while the uptick in VI lines represents a bullish turn. 

Is It The Best Time To Buy Helium?

With the bullish turnaround fueled by the market recovery, the chances of a sharper jump are high for Helium. Moreover, the trend-based Fibonacci level projects a high likelihood of uptrend following the $8 retest. On the side of the indicators, the positive alignment of crucial EMAs and the VI lines supports the bulls. 

Therefore, if the uptrend crosses $10, the HNT price can reach the $12.39 mark, accounting for a hike of more than 20%. On a more positive note, the uptrend continuation can reach the $15 mark in March.