HNT had a massive and robust northward run
Launched in 2023, Helium Mobile has made remarkable achievements in the telecommunications sector. It has reinforced its position and has boosted investor confidence, which could drive the HNT price northward.
In the past 50 days, the declining channel breakout had led the HNT to develop gains by more than 140%. It traded at $7.019 at press time.
In the past price structure, HNT had a massive and robust northward run from the last quarter of 2023 to the first quarter of 2024. It took the asset price to a peak of $11.160 from the low of $1.410.
However, the peak invited sell-offs, which signified the strong bearishness after March 2024.
Since that peak, the crypto has slipped. Also, the intense sell-off spanning over 150 days led to a narrowed plummeting wedge.
This turned out to be a falling wedge after the price breakout on July 15th from the upper border.
Based on the recent performace, this month with 32% gains. The price seems optimistic for further growth based on increased bullish interest.
In the past 50 days, the declining channel breakout had led the HNT to develop gains by more than 140%. It traded at $7.019 at press time.
In the past price structure, HNT had a massive and robust northward run from the last quarter of 2023 to the first quarter of 2024. It took the asset price to a peak of $11.160 from the low of $1.410.
However, the peak invited sell-offs, which signified the strong bearishness after March 2024.
Since that peak, the crypto has slipped. Also, the intense sell-off spanning over 150 days led to a narrowed plummeting wedge.
This turned out to be a falling wedge after the price breakout on July 15th from the upper border.
Based on the recent performace, this month with 32% gains. The price seems optimistic for further growth based on increased bullish interest.
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