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Helium (HNT) crypto is among the top losers this week, showcasing bearishness. The digital asset is down by almost 10%.
Helium crypto is on the top loser list this week, with a drop of approximately 9.70%. Furthermore, the crypto has been in a prolonged downtrend, down by almost 20% in a month and 41% in the last 3 months. It showcases that the HNT price has weakened in recent trading sessions.
Price Volatility of Helium Crypto is Rising
The price volatility of crypto has been rising steadily for the last few days, indicating higher engagement of traders.
Despite this, the crypto price has started to decline from certain highs, indicating weakness in crypto trading prices.
Helium Crypto Price And Volume Analysis
Based on the graph of price vs. volume, the trading volume has declined this month, and the price has also declined. In the last few hours, the trading volume has decreased by 50%, which can impact the price negatively.
The forecast for Helium prices highlights the ongoing struggles that the cryptocurrency market is facing as it tries to bounce back and achieve significant growth. Despite this, the volume change is currently lower than average and needs to increase during the day’s trading session.
Moreover, the Helium crypto is currently trading below its 20, 50, 100, and 200-day daily moving averages. To start the recovery phase, the crypto needs to attract more buyers.
Helium Crypto Social Dominance vs. Social Volume Analysis
The social metrics of the HNT crypto are also in decline, suggesting that the popularity of the crypto is on the decline.
The graphs for social dominance and volume have decreased for the past few months. This indicates a decrease in awareness and information on social media platforms such as X, Instagram, and Telegram. If these metrics were to increase, it could have a positive impact on the price of Helium.
Helium crypto (HNT) is in The Bearish Region
The Helium crypto (HNT) is in the bearish region and has displayed bearish waves in past trading sessions. Moreover, the cryptocurrency is struggling to sustain gains above the key moving averages and is heading in a downward direction. The crypto has declined over 20% this month, demonstrating the bearishness in recent sessions.
According to the technical summary on TradingView, out of 13 indicators, 9 are on the sell side, 9 are on the neutral side, and 4 are on the buy side. It shows that the indicators are giving buying signals and indicating a negative outlook for the HNT price.
At press time, the Helium crypto (HNT) price was trading at $4.818 with an intraday gain of 3.26%, indicating bearishness on the charts. It has a monthly negative return of 20% and 31% since the beginning.
The crypto has a market cap of $758.85 Million. Analysts are bearish and suggest the HNT price will attain lower levels in upcoming sessions.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
