Helium rose 24% in 19 hours: will HNT reach 111 soon?

Helium price rose 19% in 24 hours: will HNT reach 11 points in the near future?

HNT broke the bullish trend and marked major resistance at 7.90. The increasing social dominance and rising open interest indicate a continuation of the bullish momentum. #Helium [HNT] is showing strong upward momentum after closing the bullish flag pattern on the daily chart. At the time of publication, the price stood at 7.87 yen, up 19.38% over the past 24 hours. Thanks to this rise, the transaction volume increased significantly by 176.42%, bringing the total transaction volume to 51.86 million. As #HNT is approaching the critical resistance level of 7.90, it is poised for further gains. With favorable technicals and growing market interest, the coin could be on the #verge of a significant rally and possibly reach 11 in the near future. What does a bull flag breakout mean for HNT? A helium breakout in a bull flag pattern indicates a stronger bullish momentum. A flag pattern is usually followed by a sharp upward move, followed by a period of consolidation, followed by a breakout again. This indicates that the uptrend may continue. However, the token is facing serious resistance at 7.90. A successful break above this level could lead to a rise to 111, which makes this an important moment for traders. HNT’s Rsi was at 68.48 at the time of publication and approaching an overbought zone. While this may indicate a short-term pullback, an RSI in the 70-80 range is often accompanied by a strong bullish trend. Thus, if helium does not experience a sharp correction, the coin may continue to rise. How does the social advantage of HNT affect its price? Over the past 24 hours, the social advantage has increased from 0.156% to 0.167%. This increase indicates growing awareness and discussion about the coin, which can lead to increased interest in the market.

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