Helium Price Prediction – Will HNT Price Hit $100 in 2021?

This Helium (HNT) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our Helium (HNT) price analysis and prediction.

The crypto market is growing steadily gaining momentum after its enormous loss in September. October resulted in good news for investors and traders alike. Notably, the total crypto market volume at the time of writing is standing at $141.95 billion over the past 24 hours. Though it decreased by 34% compared to a month ago, it is still a win as it has gained a little bit in the past few days.

In this HNT price analysis and price prediction, we take a look at the performance of HNT if it will reach $100. But before that, let us learn more about what Helium (HNT) is and its current position in the crypto market.

What Is Helium (HNT)?

The Helium (HNT) network is a decentralized blockchain-powered network for IoT devices. Helium’s mainnet enhances low-powered wireless devices to communicate with one another and share data across its network of nodes in July 2019.

As blockchain nodes, we have so-called Hotspots, which are a combination of a wireless gateway and a mining device. HNT, Helium’s native cryptocurrency token, is mined and rewarded to users who operate nodes.

Helium’s goal is to prepare IoT communication for the future, identifying inadequacies in current infrastructure since its establishment in 2013.

Now that we have an idea about Helium, do you think HNT will be profitable crypto in 2021? Join me, and together let us check the charts in this HNT price analysis and HNT price prediction.

Helium (HNT) Current Market Status

When writing this Helium price analysis, HNT trades at $45.27 with a 24-hour trading volume of $57,799,209. The price of HNT has increased by 4.35% in the last 24 hours.

Furthermore, HNT has a current circulating supply of 102,713,823.80 HNT. Currently, the top digital asset trading platforms for HNT are Binance, FTX, Gate.io, ZT, and Mandala Exchange.

Now, let’s move to the next part of this HNT technical analysis for 2021.

Helium (HNT) Price Analysis 2021

Recently, HNT took the 43rd position on CoinMarketCap. But will the recent developments, upgrades, and changes in the blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this HNT price prediction article.

Based on the graph above, the chart displays a symmetrical triangle pattern. This pattern shows the period of consolidation that may lead to a price breakdown or breakout. In the foreseeable future, we can say that HNT has a higher chance of going bullish than bearish.

The Relative Strength Index (RSI) is at 57.94, which means that HNT is in a neither overbought nor oversold state. Moreover, this indicates that crypto traders and investors can trade safely without any fear.

Furthermore, crypto traders must trade cautiously and must not be affected by the cryptocurrency market hype. With this in mind, cryptocurrency traders must be careful to avoid unexpected losses due to the crypto market’s wild swings.

Let us also look at the Exponential Moving Average (EMA) and the Simple Moving Average (SMA) of Helium.

Since the start of 2021, HNT’s price has seen many bullish moves, which are higher than the previous one. More so, these are followed by consolidation, fluctuations, and corrections right away. Taking this into consideration, HNT has a competitive market this 2021.

Helium (HNT) Price Prediction 2021

The chart below shows that HNT has performed great over the past few days. Moreover, the HNT price shows a bullish trend. If this trend continues, HNT might run along with the bulls, overtaking its $60.75 resistance level and move even higher to $81.63.

Conversely, if the investors turn against the crypto, the bears might take over and push HNT from its uptrend position. In simpler terms, the price of HNT might decrease to almost $37.81, a bearish signal.

Meanwhile, our long-term HNT price prediction 2021 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many previous psychological resistances.

Helium (HNT) Price Prediction 2022

If this bullish trend continues, HNT will reach $55 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $60. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $55 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Helium (HNT) Price Prediction 2023

If HNT holds the support level around 200-MA, the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $75, making it not plummet but play consistently.

Helium (HNT) Price Prediction 2024

As per the latest upgrades, developments, HNT price prediction, and new project forecasts of the platform, HNT investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of HNT in the crypto market, and it will be the best investment as the price can spike and reach around $90.

Helium (HNT) Price Prediction 2025

In the next four years, HNT prices could race up to $120. However, reaching this level could not be so difficult for HNT as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that HNT has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

HNT seems to have a great future ahead in 2021. With the ongoing developments happening within the HNT ecosystem and the overall crypto market, we may see HNT reach new heights.

Meanwhile, our long-term HNT price prediction 2021 is bullish. Even more, the bullish HNT has a high possibility of reaching $81.63. However, that will only happen if it breaks the past psychological resistance. It may even reach $100 if investors continue to side with HNT this year along with the mainstream cryptocurrencies like Bitcoin and Ethereum.

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.