Helium Price Surges Over 9% as Investors Rush In
The price of Helium (HNT) surged by more than 9% in the last 24 hours, trading at $7.43 as of 5:58 a.m. EST. This sudden increase has drawn significant attention from investors eager to buy the altcoin.
Thanks to this recent gain, HNT has flipped its weekly performance into the green, adding to its upward trend over the past 30 days. Overall, the Helium price is up by over 37% in the monthly timeframe.
The Helium Price Overcomes a Major Resistance Level
Helium’s price successfully surpassed a key resistance level at $7.0740 after forming an ascending price channel characterized by higher highs and higher lows. If HNT closes a 4-hour candle above this level within the next 8 hours, it may establish the technical foundation needed to challenge the next resistance at $7.5969.
However, if Helium’s price falls back below $7.0740 within the same timeframe, the bullish outlook could be invalidated. In this scenario, HNT might exit the positive price channel and test the immediate support at $6.5511. Continued selling pressure could push the price as low as $6.0936.
Technicals Suggest Helium Price Could Keep Climbing
From a technical standpoint, indicators on the 4-hour chart suggest that Helium’s price could continue to climb in the next trading day. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicate that the positive trend is likely to persist.
- RSI Indicator: The RSI readings on the 4-hour chart have consistently risen, indicating growing buying strength. With the RSI line sloping positively and reading at 63, there is still room for bulls to push HNT higher before it reaches overbought territory.
- MACD Indicator: The MACD line is positioned above the Signal line, with the gap widening between them. This suggests that Helium’s bullish momentum remains strong and shows no signs of slowing down.
Investors Flock to Base Dawgz (DAWGZ) Meme Coin
While Helium continues its positive performance, investors are turning their attention to Base Dawgz (DAWGZ), a new meme coin on the Base network. With its DEX debut less than a week away, the coin is attracting significant FOMO-driven interest.
A Meme Coin with Cross-Chain Capabilities
Base Dawgz (DAWGZ) distinguishes itself within the Base ecosystem through its cross-chain capabilities. Powered by Wormhole and Portal Bridge technology, DAWGZ allows investors to move value seamlessly between major blockchains in the Web3 space.
DAWGZ holders can transact across leading networks including:
- Avalanche
- Binance Smart Chain
- Solana
- Ethereum
- Layer-2 Base Chain
This cross-chain functionality enables investors to capitalize on yield-generating opportunities across these networks as they emerge.
Investor Frenzy Ahead of Base Dawgz DEX Debut
Investors have already poured more than $3.1 million into the Base Dawgz presale, showing strong confidence in the project’s potential. As the meme coin prepares for its DEX debut in 6 days, more capital is expected to flow in, potentially driving a price surge.
To participate early, investors can purchase the token via the buy widget on the project’s website. Selling at $0.008582, DAWGZ can be bought using BASE, AVAX, ETH, SOL, or BNB. Additionally, purchased tokens can be staked for an impressive 736% APY.
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