People-Powered Networks (HNT/USDT) Analysis 📈📉
Hello Crypto community Welcome to this introduction for another high potential crypto project.🚀💰
🔹Rank #46,/ kind : Coin / Market Cap:$2,559,219,909
Total Supply: 110,978,134 /// Circulating Supply: 111,713,231.70 HNT (50% %) ====> good ✅
🔰What Is Helium (HNT)?
Helium (HNT) is a decentralized blockchain-powered network for Internet of Things (IoT) devices.
Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes.
Nodes come in the form of so-called Hotspots, which are a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT.
Helium’s goal is to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013.
coinmarketcap-.helium.com
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📈📉 TECHNICAL
As you can see on the weekly timeframe for HNT/USDT , It is trading about $22.78 right now.
Although helium already has been in a super ascending channel
but Since NOV 2021 ,after recording a new ATH (59.27 $) ,
it has been declining and was fluctuating in a smaller channel.
so it still can continues it decline between both descending
trend line of this mini channel to the bottom of bigger channel ,
but it can start a rally if breakout upper trendline ,as good as
it can fall more if breakout the lower bounds of channel and also have a weekly
close below support zone it will go down even to lower support areas !
🛑resistance level: $37.2-$40 /descending trendline(upper bound)
❇️support levels: $12.40-$14.8/ $6.2-$7.3 /$4-$5 /descending trendline(lower bound)
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me ,give a big thumbs 👍 and drop comment 🗯💭
🔹Rank #46,/ kind : Coin / Market Cap:$2,559,219,909
Total Supply: 110,978,134 /// Circulating Supply: 111,713,231.70 HNT (50% %) ====> good ✅
🔰What Is Helium (HNT)?
Helium (HNT) is a decentralized blockchain-powered network for Internet of Things (IoT) devices.
Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes.
Nodes come in the form of so-called Hotspots, which are a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT.
Helium’s goal is to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013.
coinmarketcap-.helium.com
------------------------------------------------------------------------
📈📉 TECHNICAL
As you can see on the weekly timeframe for HNT/USDT , It is trading about $22.78 right now.
Although helium already has been in a super ascending channel
but Since NOV 2021 ,after recording a new ATH (59.27 $) ,
it has been declining and was fluctuating in a smaller channel.
so it still can continues it decline between both descending
trend line of this mini channel to the bottom of bigger channel ,
but it can start a rally if breakout upper trendline ,as good as
it can fall more if breakout the lower bounds of channel and also have a weekly
close below support zone it will go down even to lower support areas !
🛑resistance level: $37.2-$40 /descending trendline(upper bound)
❇️support levels: $12.40-$14.8/ $6.2-$7.3 /$4-$5 /descending trendline(lower bound)
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me ,give a big thumbs 👍 and drop comment 🗯💭
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.