Helium: How Far Down Can It Go? Maximum Growth In 2025

7 hari yang lalu

Helium did pretty good in late 2023/early 2024, it was one of the pairs that grew more than 700% in several months and it even produce a mild inverted correction recently, but things are about to change.

HNTUSDT (Helium) produced a low in July peaking in early September, the pattern is different to other projects in the sense that it moved ahead of the pack.

Right now, after producing a descending triangle, inverted cup and handled or head and shoulders pattern, all these are present on the chart, it is moving right above a critical support. It is the neck line of all these patterns.

There was a low in October leading to a small bounce and lower high. The lower high resumed lower and now the pair stands at support. All the classic bearish continuation signals are present. Trading volume has been dropping for ten months and we have a long-term lower high; how far down can it go?

The pair looks strong and the first impression that I received by looking at the chart pointed to a test of, June/July 2024, as support, to see if it holds. But giving the chart a second look, the current patterns and action is happening as a lower high when considering the bigger chart structure. HNTUSDT failed to reach its February levels and this is a signal of weakness. Producing a higher low would be a signal of strength.

We have two levels mainly, after the first range the second one is the support level that was created during the September/October 2023 consolidation phase, this also includes August and November so this is a major support range.

I would like to say that any bearish action will stop at the first support, but knowing our market and how it likes to go beyond, it is possible that Helium will go through a full market flush, that is, testing the lowest level on the chart as support.

Maximum growth can be expected in 2025. The last bullish wave produced more than 700% growth and this happened in a recovery year. A full-blown bull-market can produce 10 to 15 times more growth. It will be incredible, but first we have to get through this final drop. Once the bottom is in, I hope to count with your support.

Namaste.