- Bullish HNT price prediction for 2023 is $2.004 to $3.548.
- Helium (HNT) price might reach $5 soon.
- Bearish HNT price prediction for 2023 is $0.687.
In Helium (HNT) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about HNT to analyze the future movement of the cryptocurrency.
Helium (HNT) Current Market Status
| Current Price | $1.62 |
| 24 – Hour Trading Volume | $11,635,323 |
| 24 – Hour Price Change | 12.22% up |
| Circulating Supply | 143,934,821 HNT |
| All – Time High | $55.22 (On Nov 12, 2021) |
HNT Current Market Status (Source: CoinGecko)
What is Helium (HNT)?
Helium (HNT) is the native utility token of Helium, a decentralized wireless Internet-of-things (IoT) network. HNT was launched in 2019. The token was created based on a burn-and-mint equilibrium (BME) model. HNT are burnt and converted to Data Credits (DCs) that users hold to access and use the network.
Helium operates on a proof-of-coverage (PoC) consensus algorithm. PoC relies on Honey Badger Byzantine Fault Tolerant (HBBFT). With this algorithm, the transactions are encrypted by a shared public key and can only be decrypted by an elected consensus group.
HNT tokens can be mined through ‘hotspots’, wireless devices that use radio waves. Miners mine HNT and create network coverage for IoT devices. Also, the network aims to achieve decentralized IoT communication.
Helium (HNT) Price Prediction 2023
Helium (HNT) ranks 125th on CoinMarketCap in terms of its market capitalization. The overview of the Helium price prediction for 2023 is explained below with a daily time frame.
HNT/USDT Horizontal Channel Pattern (Source: TradingView)
In the above chart, Helium (HNT) laid out a horizontal channel pattern. A horizontal Channel pattern is also known as a sideways trend. In general, the horizontal channel is formed during price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, line which connects the lows, run horizontally parallel and the price action is contained within it.
A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
At the time of analysis, the price of Helium (HNT) was recorded at $233.1. If the pattern trend continues, the price of HNT might reach the resistance levels of $2.015, and $3.493. If the trend reverses, then the price of HNT may fall to the support of $1.547, and $1.158.
Helium (HNT) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Helium (HNT) in 2023.
HNT/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as the resistance and support levels of Helium (HNT) for 2023.
| Resistance Level 1 | $2.004 |
| Resistance Level 2 | $3.548 |
| Resistance Level 3 | $1.174 |
| Support Level | $0.687 |
As per the above analysis, if Helium’s (HNT) bulls take the lead, it might hit and break through its resistance level of$3.548.
Conversely, if Helium’s (HNT) bears dominate the trend, the price of HNT might plunge to $0.687.
Helium (HNT) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Helium (HNT) are shown in the chart below.
HNT/USDT RVOL, MA, RSI (Source: TradingView)
The technical analysis indicator Relative Volume (RVOL) is used to measure the trading volume of an asset in relation to its recent average volumes. It is typically calculated by dividing the current day’s trading volume by the average volume over a specified period, such as the past 20 or 50 trading days. The resulting ratio is known as the “relative volume,” which can help traders identify unusual trading activity and changes in market sentiment.
High relative volume readings suggest that there is increased interest in the asset, which may indicate a potential trend reversal or breakout. Conversely, low relative volume readings may indicate a lack of interest or a consolidation period.
At the time of analysis, the RVOL of Helium (HNT) was below the cutoff line, denoting weak participants trading in the current trend.
The next technical indicator is the Moving Average (MA). This momentum indicator is used to smooth out price data and identify trends in the market. It helps in calculating the average price of an asset over a specific period. Particularly, the 50-day moving average (50 MA) evaluates the average closing price of the asset over the past 50 days. When the price of an asset is above its 50MA, it is considered to be in an uptrend (bullish), if laid below 50MA, it is in a downtrend (bearish).
Notably, in the above chart, the HNT price lies above 50 MA (short-term), indicating its uptrend. Hence, it can be concluded that HNT is in a bullish state. Although this is the current state, a trend reversal might occur.
Next up is the Relative Strength Index (RSI). This analysis indicator helps traders to determine the strength and momentum of an asset’s price movement over a specific period. In this analysis, the RSI is calculated by comparing the average gains and losses of the asset over the past 14 periods. The resulting value is expressed as a number between 0 and 100, with readings above 70 indicating an overbought state and readings below 30 indicating an oversold state.
Significantly, traders often use the RSI to identify potential trend reversals or to confirm the direction of a trend. For instance, if an asset is in an uptrend and the RSI reaches an overbought reading of 70, it may suggest that the asset is due for a pullback or correction. Conversely, if an asset is in a downtrend and the RSI reaches an oversold reading of 30, it may suggest that the asset could potentially reverse direction.
Markedly, during analysis, the RSI of HNT is at 70.56. This denotes that HNT is neither in an overbought nor oversold state.
Helium (HNT) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of Helium (HNT) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI).
HNT/USDT ADX, RVI (Source: TradingView)
To analyze the strength of the trend momentum, let us take note of the Average Directional Index (ADX). The ADX value is derived from the two directional movement indicators (DMI) such as +DI and -DI and is expressed between 0 to 100.
According to the data on the above chart, the ADX of HNT lies in the range of 21.731 pointing out a weak trend.
The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This indicator measures the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of HNT lies below 50, indicating low volatility.
Comparison of HNT with BTC, ETH
Let us now compare the price movements of Helium (HNT) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs HNT Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of HNT is similar to BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of HNT also increases or decreases respectively.
Helium (HNT) Price Prediction 2024-2030
With the help of the aforementioned technical analysis indicators and trend patterns, Let us predict the price of Helium (HNT) between 2024 and 2030.
Helium (HNT) Price Prediction 2024
If bulls dominate the price momentum and trend patterns, then Helium (HNT) might successfully test and surpass its resistance levels to hit $6 by 2024.
Helium (HNT) Price Prediction 2025
The significant upgrades in the Helium Ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Helium (HNT) price to reach $6.5 by 2025.
Helium (HNT) Price Prediction 2026
If Helium (HNT) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $7.
Helium (HNT) Price Prediction 2027
Helium (HNT) might sustain major resistance levels and continue to be recognized as a good investment option. If it stands so in the market, HNT would rally to hit $7.5.
Helium (HNT) Price Prediction 2028
If Helium (HNT) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, HNT would hit $8 by 2028.
Helium (HNT) Price Prediction 2029
If investors flock in and continue to place their bets on Helium (HNT) , then the crypto would witness major spikes. Hence, HNT might hit $8.5 by 2029.
Helium (HNT) Price Prediction 2030
If the trend momentum aligns in favor of Helium, then the HNT price is expected to rally to $9 by 2023. Furthermore, HNT would hold a positive market sentiment and be recognized as a long-term investment with highly profitable ROI.
Conclusion
If Helium (HNT) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Helium (HNT) price prediction for 2023 is $3.548. Relatively, the bearish Helium (HNT) price prediction for 2023 is $0.687.
If there is a positive elevation in the market momentum and investors’ sentiment, Helium (HNT) might hit $5. With future upgrades and advancements in the Heliume ecosystem, HNT might surpass its current all-time high (ATH) of $55.22 on November 12, 2021, and mark its new ATH.
FAQ
1. What is Helium (HNT)?
Helium (HNT) is the native utility token of Helium, a decentralized wireless Internet-of-things (IoT) network.
2. Where can you buy Helium (HNT)?
Traders can trade Helium (HNT) on the following cryptocurrency exchanges such as Binance, and KuCoin.
3. Will Helium (HNT) record a new ATH soon?
With the ongoing developments and upgrades within the Helium platform, Helium (HNT) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Helium (HNT)?
Helium (HNT) hit its current all-time high (ATH) of $55.22 On November 12, 2021
5. What is the lowest price of Helium (HNT) ?
According to CoinMarketCap, HNT hit its all-time low (ATL) of $0.2534 on June 10, 2020.
6. Will Helium (HNT) hit $5?
If Helium (HNT) becomes one of the active cryptocurrencies that majorly maintain a bullish a trend, it might rally to hit $5 soon.
7. What will be the Helium (HNT) price by 2024?
Helium (HNT) price might reach $6 by 2024.
8. What will be the Helium (HNT) price by 2025?
Helium (HNT) price might reach $6.5 by 2025.
9. What will be the Helium (HNT) price by 2026?
Helium (HNT) price might reach $7 by 2026.
10. What will be the Helium (HNT) price by 2027?
Helium (HNT) price might reach $7.5 by 2027.
Top Crypto Predictions
Ripple (XRP) Price Prediction 2023
Litecoin (LTC) Price Prediction 2023
eCash (XEC) Price Prediction 2023
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
