TradeCityPro | HNT: Testing Resistance in DePIN Uptrend Structur👋 Welcome to TradeCity Pro!
In this analysis, I’ll review the HNT coin. The Helium project is a U.S.-based Web3 and DePIN initiative.
✔️ This coin has a market cap of $9.26 million and is ranked 97th on CoinMarketCap.
⏳ 4-Hour Timeframe
On the 4-hour chart, HNT has an ascending trendline with a resistance zone near 4.372.
💥 If this resistance is broken, the main upward move may begin, and a breakout above this level confirms a bullish trend for HNT.
📈 So for a long position, you can enter on the breakout or a pullback to this zone. The next resistance level is 5.333.
🔽 For a bearish scenario, the ascending trendline must be broken first to signal a potential reversal. A break below 3.971 would be the first confirmation of that trendline break and can be used as a short trigger.
⚡️ The main short trigger would be a break of 3.642, which could push the price down toward 3.245.
🧩 The RSI oscillator is currently sitting on the 42.91 support; a breakdown here would confirm bearish momentum for a short setup.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
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