Home Latest News Helium's HNT is up by 7% today, outperforming the broader market –...

Helium's HNT is up by 7% today, outperforming the broader market – CoinJournal

Choose your language:
Helium has emerged as the best-performing cryptocurrency amongst the top 100 coins by market cap on Wednesday.

HNT, the native coin of the Helium blockchain, is the best performer amongst the top 100 cryptocurrencies by market cap today. Helium’s performance comes despite the broader crypto market underperforming in the last 24 hours.
The broader cryptocurrency market is trading in the red zone after starting the week positively. The total cryptocurrency market cap is now around $941 billion, down by more than 5% so far today.
Bitcoin has once again dropped below $19k and is currently trading at $18,790, down by more than 5% in the last 24 hours.
Ether, the second-largest cryptocurrency by market cap, is also down by more than 8% in the last 24 hours and is currently trading at $1,520 per coin.
Although HNT is the best performer amongst the top 100 cryptocurrencies by market cap today, there is no apparent catalyst behind this move. Despite HNT’s ongoing positive performance, the coin has lost more than 27% of its value in the last seven days.
The HNT/USD 4-hour chart remains bearish despite Helium outperforming the market in the last 24 hours. HNT’s technical indicators show that the coin is recovering from its recent slump.
1662544699480 d56ac6ea c256 4650 9102 56bf5b35fb6f
The MACD line dropped into the negative zone on August 25th and continues to remain there. Despite HNT’s positive performance, the MACD line is still within the negative region, indicating that the bears have not relinquished control.
The 14-day relative strength index of 49 shows that HNT is no longer in the oversold region. HNT would need to rally higher to enter the overbought territory over the next few days and weeks.
At press time, HNT is trading at $4.028 per coin. If the recovery continues, HNT could surge past the $4.470 resistance level before the end of the day. 
However, HNT would need the support of the broader market to move past the second major resistance point at $5.017.
The bears are still around and could drag HNT below the $3.7771 support level over the next few hours.  
Keep updated with our round the clock and in-depth cryptocurrency news.
Unsub anytime
No SPAM ever!
After signing up, you may also receive occasional special offers from us via email. We will never sell or distribute your data to any third parties. View our privacy policy here.
Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. We may receive financial compensation from these third parties. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services.
Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Each investment is unique and involves unique risks.
CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.
Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Your capital is at risk.
When trading in stocks your capital is at risk.
Past performance is not an indication of future results. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. If you are unsure, seek independent financial, legal, tax and/or accounting advice. This website does not provide investment, financial, legal, tax or accounting advice. Some links are affiliate links. For more information please read our full risk warning and disclaimer.


Previous articleFlow price prediction: Is it safe to buy this crypto dip? – CoinJournal
Next articleThe Apple Watch Series 7 is on sale for $349 right now – Engadget
Deidre Richardson is a tech enthusiast who loves to cover the latest news on smartphones, tablets, and mobile gadgets. A graduate of the University of North Carolina at Chapel Hill (B.A, History/Music), you can always find her rocking her Samsung Galaxy Note 3 and LG Nexus 5 on a regular basis.