Helium (HNT) Recovers With Double-digit Gain, Can Bulls Push to $12?

Despite a strong bullish run in recent months, Helium (HNT) was unable to hold its ground against tether (USDT), with the price falling from an all-time high of $50 to around $5. The recent price increase in Bitcoin (BTC) has had a positive impact on the overall market, as most altcoins continue to show strength, producing more than 100% gains, with Helium (HNT) price also in the picture due to its impressive recovery. (Data from Binance) Related Reading: ApeCoin Breaks Out With Degen Play Activated, Can $7.5 Be The Target? Helium (HNT) Price Analysis On The Weekly Chart The price of HNT has struggled to replicate its recent bullish move, which saw the price rally to $50 with a strong bullish sentiment. After falling from a high of $50 to a low of $4, HNT has struggled to stay afloat. HNT has formed strong support at $4, which appears to be a good area for most traders to place buy orders. HNT’s price could end the week on a more bullish note ahead of a new weekly candle. With such strong sentiment, HNT could reach a high of $8 and possibly $12. The price of HNT is facing resistance at $6.5 as it cannot trend higher in price; if HNT flips this region, we could see the price rising to $8-$10 and even higher. Weekly resistance for the price of HNT – $6.5. Weekly support for the price of KNC – $4.5. Price Analysis Of HNT On The Daily (1D) Chart The price of HNT was rejected from $25 as it fell to a low of $4; th...