The Helium network is a distributed wireless network, new cryptocurrency Called Helium (HNT), it protects and verifies your network. Its goal is to provide Internet connectivity to underserved areas, especially rural and remote areas, using a decentralized peer-to-peer network. At the time of writing, HNT is priced at $1.79, up 0.47% during the day.PRICE PRINTED long wick This indicates strong selling pressure around $2. Is it too late to buy HNT? Here’s what you can expect from HNT in the days and weeks to come.
Helium (HNT) Price Prediction and Technical Analysis
Exponential Moving Average (EMA)
The EMA shows that helium remains bearish on the medium to long term timeframe as the price is below the 50- and 100-day exponential moving averages.
However, HNT price has been trading above the 20-day EMA for the past two days. A short-term bullish bias in the cryptocurrency could occur if the price successfully rises above his 20-day EMA.
Relative Strength Index (RSI)
October 2022 was the last time the HNT RSI saw a level above the RSI 50. I tried to get out of the December 21st level, but it came right back up the next day.
After increasing activity over the past few days, HNT’s RSI is at 47.42 at the time of writing. The HNT has been under heavy selling pressure over the past two days, so the RSI 50 is unlikely to break out in the next few days.
Moving Average Convergence Divergence (MACD)
A newly formed bullish crossover is observed in HNT’s MACD. Its histogram shows a gradual increase in the separation between the MACD and the signal line.
support and resistance
A consolidation above the $1.76 to $1.78 support area may be needed before the price attempts to break out of the $2 psychological resistance.
If the $1.76-$1.78 support area fails to hold, the next immediate support is at $1.60. The immediate resistance is at $2, followed by the previous resistance area at $2.12 to $2.18.
Helium (HNT) Fundamental Analysis
helium network
The Helium network utilizes a wireless technology called LongFi that enables low-power, long-distance communication. Suitable for use in IoT applications, it has the potential to revolutionize other industries by providing a low-cost, low-power alternative to traditional wireless networking technologies. Its innovative technology and decentralized approach make it a promising solution for a wide range of applications and industries.
Helium’s increased trading activity may be due to its partnership with Hivemapper Dashcam. However, the pump doesn’t necessarily have a significant catalyst, and some attribute it to the company’s ongoing PR and puff pieces.
Others point out that the Helium Network is currently not in use in the wild, with many reported glitches and deceptions by the team.
In short, the fundamentals may be weak, so recent helium pumps may not be based on the strength of the project’s fundamentals and may not be a good long-term investment.
Examples like this highlight why it is important to carefully evaluate the underlying fundamentals before investing in any cryptocurrency project. Because they can have a big impact on the value of the coin. Other altcoins Those that may offer alternatives to invest in, such as FGHT and D2T, have stronger fundamentals and could increase the usefulness of the token when the app launches this year.
Fight Out (FGHT)
Fight Out collects rewards both online and locally, creating a socially driven physical fitness community while motivating users to be active (M2E) applications and upcoming moves to earn gym chains am. The Fight Out app allows users to customize their workout plans, track their progress, and participate in challenges with other members of the community.
Fight Out takes a different approach to the fitness tracking industry by leveraging the cutting edge of real time. NFTsbase avatar. Fight Out allows users to monitor their progress in strength, cardiovascular stamina, and other areas shown through digital representations within the game’s metaverse. As players reach health goals, their avatar levels up and battles other players for rewards.
Later this year, Fight Out will launch the first of its pioneering Web3 integrated gyms. These facilities offer an array of amenities including fitness stations, health bars, studios, and co-working spaces for members to use. Interesting features such as ‘Mirror’ allow users to bring their digital fitness profile into their real life while gaining insight into their workouts. Experienced boxers and other high-profile athletes have also partnered with Fight Out for exclusive events and masterclass workout sessions at the gym.
Fight Out also provides users with workout plans customized to their individual goals and abilities, developed by experienced health professionals. Additionally, the app features performance analytics and progress monitoring tools to inspire members on their journey to reach their fitness goals, and community content so that her members can share inspiring stories with each other. Provides an opportunity to create.
Fight Out is determined to drive adoption of Web3 technology while incentivizing users with a fun and engaging approach to leading an active and healthy lifestyle. As evidence that investors are adopting this approach, Fight Out has already raised nearly $2.66 million during his FGHT token pre-sale.
Investors who purchase FGHT today can enjoy up to a 50% bonus during the pre-sale at the first floor price. The project is backed by respected organizations such as LBank Labs, Cryptonews.com, Transak and BlockMedia Labs, who provide financial and operational support to increase the chances of success of this crypto.
Dash 2 Trade (D2T)
dash 2 trade‘s next February launch could be a game-changer for cryptocurrency trading. With a wide range of features that give traders complete oversight and control over their investments, as well as invaluable resources that guide users to make smart decisions to maximize their return on investment, Dash 2 Trade It stands out among its competitors. suite of tools.
Dash 2 Trade provides novice traders with the insight they need to make smart decisions, while giving experienced investors the opportunity to improve their strategies and take advantage of automated trading with the exchange’s API. A token pre-sale scoring system provides investors with insight for early entry into some of the most promising tokens.
Other platform tools include real-time sentiment monitoring, automation tools, and powerful analytics. Another selling point of the platform is that it has an existing international membership base of over 70 000 traders, as its parent company already operates Learn 2 Trade, which gives it an impressive following from day one. . To ensure that Dash 2 Trade continues to provide a smooth user experience. The team also actively solicits customer feedback on an ongoing basis.
Dash 2 Trade’s pre-sale has already exceeded expectations and has raised nearly $14 million, offering up to an additional $2 million worth of tokens until the exchange begins listing. This success allows Dash 2 Trade to secure a healthy runway for rapid product rollout and more exchange listings.
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