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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.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
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🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
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.
💥 Don’t Miss Out!
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
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.