Helium (HNT) Price Prediction 2022: Will HNT Reach $10?

Despite the increased negative trend in the crypto market, the Helium (HNT) token has defied all odds and surged 18.36% in the past 36 hours.

Due to the recent crypto market downturn, several tokens have faced a price decline. However, some tokens, like Helium (HNT), have managed to buck this trend and飆升 18.36% in the past 36 hours. This has brought the Solana-based altcoin into the spotlight and on the radar of investors.

As a result, long-term investors are keeping a close eye on HNT's monthly price action. If you're considering investing in this project and have questions like "Why is Helium coin going up?" or "How high will HNT price go?" then keep reading as this article may have the answers you seek.

HNT Price Successfully Retests Its Support Trendline

With a surge of about 20%, the Helium price has successfully retested its support trendline of the ascending channel pattern. Notably, this SOL-based token has been trading within this range since mid-July. Moreover, it has an intraday gain of 8.56% with a trading volume of $33.209 Million.

The HNT coin price is trading with a bullish sentiment in both short and long time frames. This indicates strong project fundamentals and increasing adoption of this ecosystem. Furthermore, with a YTD return of +18.41%, it has secured the 53rd position with a market cap of $1.303 Billion.

Will Helium Price Reach $10?

If the market maintains the HNT price above its support level of $8, then the bulls will prepare to test its upper resistance level of $9.5 in the coming time. If the price manages to stay above that level, then it could set the stage for this altcoin to push its value toward its yearly high of $11. However, if a bearish reversal occurs, then the Helium coin price may retest its support trendline of the ascending channel pattern. Moreover, if the bearish sentiment intensifies, it could plunge toward its low of $6.525 this month.

Check out our Helium price prediction for long-term price targets!

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