Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Helium (HNT) Testing Key MA Resistance – Can It Repeat a Strong Rally?

Helium (HNT) Testing Key MA Resistance – Can It Repeat a Strong Rally?

CoinsProbeCoinsProbe2025/03/31 00:55
By:Nilesh Hembade

Date: Sun, March 30, 2025 | 09:50 AM GMT

The cryptocurrency market is under renewed selling pressure, erasing recovery gains made earlier this week. Ethereum (ETH) has dropped over 8% in the past two days, falling below $1850 from the high of $2K.

But in the midst of this, Helium (HNT), the IoT token, has still managed to gain 6% today. With price action improving and technical indicators aligning, a potential recovery rally could be on the horizon as it has dropped by 50% in the last 90 days.

Helium (HNT) Testing Key MA Resistance – Can It Repeat a Strong Rally? image 0 Source: Coinmarketcap

Testing Key MA Resistance

Looking at the daily chart, HNT has undergone a significant correction—over 75% since being rejected at the $10.00 resistance level on December 16, 2024. This bearish pressure dragged the price down to a critical support zone near $2.32, where buyers stepped in to hold the line.

Helium (HNT) Testing Key MA Resistance – Can It Repeat a Strong Rally? image 1 Helium (HNT) Daily Chart/Coinsprobe (Source: Tradingview)

HNT has now rebounded to $3.22 and is testing a key barrier—the 50-day Moving Average (MA), currently near $3.30. This level holds significant weight, as it has historically acted as a major pivot point.

Interestingly, a similar pattern played out in mid-2024, where HNT bounced from a support zone and broke above the 50-day MA. This led to an impressive 181% rally, pushing prices towards the $10.00 range again. The chart highlights this move clearly, with a massive rally following the breakout from the MA zone.

What’s Next for HNT?

Currently, HNT is forming a comparable technical setup. The price is once again rising from a major support region and testing the 50-day MA. If HNT manages to break and close convincingly above this level, it could signal a bullish reversal, potentially attracting fresh buying interest and fueling a rally.

Immediate resistance levels to watch post-breakout would be around $3.96, followed by the 100-day MA near $4.64. A move above both these levels could pave the way toward a more extended recovery phase.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Ali Martinez Reveals Crucial Price Levels for Cardano, Pepe, and Chainlink

In Brief Ali Martinez identifies crucial price levels for Cardano, Pepe, and Chainlink. Cardano reflects an earlier bullish pattern in a slower fashion, says Martinez. Chainlink remains positive above $13, while Pepe risks a downtrend.

Cointurk2025/08/02 18:05
Ali Martinez Reveals Crucial Price Levels for Cardano, Pepe, and Chainlink

Polkadot’s Digital Asset DOT Faces Strong Selling Pressure

In Brief Polkadot's DOT faced over a 5% drop within 24 hours. New support is between $3.55 and $3.58 in the market analysis. Investors watch critical levels as future price paths unfold.

Cointurk2025/08/02 18:05
Polkadot’s Digital Asset DOT Faces Strong Selling Pressure

Filecoin Faces High Volatility with Key Support Level Breach

In Brief Filecoin showed significant volatility, falling by 4.6% to $2.36. FIL broke the $2.38 support with substantial institutional involvement. SingularityNET collaborates with Filecoin for secure data storage solutions.

Cointurk2025/08/02 18:05
Filecoin Faces High Volatility with Key Support Level Breach