- The bullish helium price prediction ranges from $ 23 to $ 35.
- The price of helium could soon reach $ 50 as well.
- Helium’s bearish market price prediction for 2021 is $ 16.62.
This article on Helium (HNT) Price Prediction 2021 is based on technical analysis alone. Below you can see the most important metrics that we took into account in our helium (HNT) price analysis and forecast.
The crypto market is growing steadily after its huge loss in September. October brought good news for investors and traders. Notably, at the time of writing, the total crypto market volume for the past 24 hours was $ 116.08 billion. Although it is down 14% compared to the previous month, it is still a win as it has gained a little over the past few days.
In this HNT Price Analysis and Price Prediction, we take a look at how HNT will perform when it hits $ 50. But before that, let’s 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-operated network for IoT devices. Helium’s mainnet is upgrading low-power wireless devices in July 2019 to communicate with each other and share data over its network of nodes.
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.
The goal of Helium is to prepare IoT communication for the future and to identify shortcomings in the current infrastructure since its inception in 2013.
Now that we have an idea about helium, do you think HNT will be a profitable crypto in 2021? Join me and let’s check out the charts together in this HNT Price Analysis and HNT Price Prediction.
Helium (HNT) Current market status
As of the writing of this helium price analysis, HNT is trading at $ 21.91 with a 24 hour trading volume of $ 31,365,796. The price of HNT has increased 6.62% in the past 24 hours.
In addition, HNT has a current circulation of 99,199,397.88 HNT. Currently, the leading digital asset trading platforms for HNT are Binance, Crypto.com Exchange, FTX, ZT and Mandala Exchange.
Now we come to the next part of this technical HNT analysis for 2021.
Helium (HNT) price analysis 2021
Recently, HNT ranked 58th on CoinMarketCap. But will the recent developments, upgrades, and changes in the blockchain help the cryptocurrency price get higher? Let’s move on to the charts in this HNT price prediction article.
HNT / USDT chart with Cup With Handle pattern (Source: TradingView)
Based on the graphic above, the diagram shows a cup and handle pattern. The pattern represents a phase of consolidation that can lead to an immediate breakout or collapse in price. A break from the lower trend line indicates the start of a new downtrend, while a break from the upper trend line indicates the start of a new uptrend.
As shown above, helium turned from its bearish trend to an upward trend earlier this month. This is the result of the high volume of trading that took place during this period.
The Relative Strength Index (RSI) is 57.94, which means that HNT is neither overbought nor oversold. In addition, it suggests that crypto traders and investors can trade securely without fear.
In addition, crypto traders must act cautiously and not be affected by the hype surrounding the cryptocurrency market. With this in mind, cryptocurrency traders need to be careful to avoid unexpected losses due to the wild fluctuations in the crypto market.
Let’s also look at Helium’s Exponential Moving Average (EMA) and Simple Moving Average (SMA).
Since the beginning of 2021, HNT’s price has seen many upward moves that are higher than the previous one. What is more, consolidations, fluctuations and corrections immediately follow. With this in mind, HNT has a competitive market in 2021.
Helium (HNT) price prediction 2021
The graph below shows that HNT has performed excellently over the past few days. In addition, the HNT price is showing a bullish trend. If this trend continues, HNT could run with the bulls, surpassing its $ 35 resistance level and rising even higher to $ 50.
Conversely, if investors turn against cryptocurrency, the bears could take over and push HNT out of its uptrend position. In simpler terms, the price of HNT could drop to nearly $ 16.62, a bearish signal.
Meanwhile, our long-term HNT price prediction for 2021 is bullish. It has a high probability of reaching new heights. However, this will only happen if many previous psychological resistances are broken.
Helium (HNT) price prediction 2022
If this uptrend continues, HNT will hit $ 55 by the end of 2022. Additionally, the first half of 2022 will see rapid growth up to $ 60. Then that increase will slow down, but no major declines are expected. This is fairly bullish on pricing, with upcoming partnerships and developments hitting $ 55, but undoubtedly doable 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 have ample time and stability to forge the next offensive mission at the crucial level at $ 75 so that it doesn’t crash, but plays consistently.
Helium (HNT) price prediction 2024
With the latest upgrades, developments, HNT price predictions and new project predictions from the platform, HNT investors could expect many partnerships and integrations around 2024. Additionally, this could drive the price of HNT up in the crypto market and it will become the best investment as the price can skyrocket and reach around $ 80.
Helium (HNT) price prediction 2025
HNT prices could soar as high as $ 95 over the next four years. Achieving this level should not be that difficult for HNT, however, as additional medium, short and long-term price targets for buy or sell orders could be found. This suggests that HNT is predicted to have a high probability of reaching a new ATH soon in the next five years.
HNT looks like it has a bright future ahead of it in 2021. With the ongoing developments in the HNT ecosystem and the overall crypto market, we can see HNT reaching new heights.
Meanwhile, our long-term HNT price prediction for 2021 is bullish. In addition, the bullish HNT has a high probability of hitting $ 35. However, this will only happen if it breaks the previous psychological resistance. It could even hit $ 50 if investors continue to side with HNT this year alongside mainstream cryptocurrencies like Bitcoin and Ethereum.
What is helium
Helium is a decentralized blockchain-operated network for Internet of Things (IoT) devices. Helium’s native token is HNT.
How do I buy HNT tokens?
Users can get HNT tokens by buying them from cryptocurrency exchanges such as Binance, Mandala Exchange, FTX, ZT, and Crypto.com.
HNT is a good investment in 2021?
Helium (HNT) is a good investment in 2021. Additionally, HNT has a high chance of surpassing its current ATH of around $ 26.69 this year.
Can HNT hit $ 50 anytime soon?
Yes, there is a very good chance that HNT could hit $ 50 in the near future, according to the current uptrend.
How high will the price of helium be by 2022?
Helium (HNT) price is expected to reach $ 60 by 2022.
How high will the price of helium be by 2023?
The price of helium (HNT) is expected to reach $ 75 by 2023.
How high will the price of helium be by 2024?
The price of helium (HNT) is expected to reach $ 80 by 2024.
How high will the price of helium be by 2025?
The helium price (HNT) is expected to reach USD 95 by 2025.
Disclaimer: The views and opinions expressed in this article are solely those of the author and do not necessarily reflect the views of CoinQuora. None of the information in this article should be construed as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.