Helium (HNT) Price Prediction 2022 – Will HNT Hit $30 Soon?

• Bullish HNT price prediction is $12.2 to $28.17.
• Helium (HNT) price might also reach $30 soon.
• Bearish HNT price prediction for 2022 is $6.81.

In Helium (HNT) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about HNT to analyze the future movement of the cryptocurrency. 

Helium (HNT) Current Market Status

According to CoinGecko, the price of Helium (HNT) is $9.74 with a 24-hour trading volume of $6,126,701 at the time of writing. However, HNT has decreased nearly 4.1% in the last 24 hours.

Moreover, Helium (HNT) has a circulating supply of 123,954,764 HNT. Currently, Helium (HNT) trades in cryptocurrency exchanges such as Binance, Gate.io, BKEX, KuCoin, Bybit.

What is Helium (HNT)?

Helium (HNT) is the native utility token of Helium, a decentralized wireless Internet-of-things (IoT) network. HNT was launched in 2019. HNT is a token created based on a burn-and-mint equilibrium (BME) model. HNT are burnt and converted to Data Credits (DCs) that users hold to access and use the network.

Helium operates on a proof-of-coverage (PoC) consensus algorithm. PoC relies on Honey Badger Byzantine Fault Tolerant (HBBFT). With this algorithm, the transactions are encrypted by a shared public key and can only be decrypted by an elected consensus group.

HNT tokens can be mined through ‘hotspots’, wireless devices that use radio waves. Miners mine HNT and create network coverage for IoT devices. Helium aims to achieve decentralized IoT communication.

Helium (HNT) Price Prediction 2022

Helium (HNT) holds the 51st position on CoinGecko right now. HNT price prediction 2022 is explained below with a weekly time frame.

The above chart of Helium (HNT) laid out an Ascending triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows.

If the trend breakout at the resistance level, the price will continue to move up in this ascending triangle pattern.

Currently, Helium (HNT) is in the range of $9.56. If the pattern continues, the price of HNT might reach the resistance levels of $12.14,$16.72 and $21.49. If the trend reverses, then the price of HNT may fall to $8.56,$7.41 and $6.74.

Helium (HNT) Support and Resistance Levels

The chart below shows the support and resistance levels of Helium (HNT).

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Helium (HNT).

Resistance Level 1	$12.02
Resistance Level 2	$16.28
Resistance Level 3	$20.62
Resistance Level 4	$28.17
Support Level 1	$8.58
Support Level 2	$6.81

The charts show that Helium (HNT) has performed a bullish trend over the past month. If this trend continues, HNT might run along with the bulls overtaking its resistance level at $28.17.

Accordingly, if the investors turn against the crypto, the price of Helium (HNT) might plummet to almost $6.81, a bearish signal.

Helium (HNT) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Helium (HNT) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of HNT lies below the cutoff line, indicating weaker participants in the current trend.

Also, the Moving Average (MA) of Helium (HNT) is shown in the chart above. Currently, HNT is in a bearish state. Notably, Helium (HNT) price lies below 50 MA (short-term), so it is in downtrend. Therefore, there is a possibility of a reversal trend of HNT at any time.

Meanwhile, the relative strength index (RSI) of the HNT is 51.94. This means that Helium (HNT) is in a nearly overbought state. However, this means a major price reversal of HNT may occur in the upcoming days. So, traders need to trade carefully. 

Helium (HNT) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Helium (HNT). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of Helium (HNT). Currently, ADX of HNT lies in the range of 13.46, so it indicates a weak trend. 

The above chart also represents the Relative Volatility Index (RVI) of Helium (HNT). RVI measures the constant deviation of price changes over a period of time. The RVI of HNT lies above 50, indicating high volatility. In fact, the RSI of Helium (HNT) is at 51.94, thus confirming a potential sell signal.

Comparison of HNT with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Helium (HNT).

From the above chart, we can interpret that the price changes of BTC and HNT are moving in  very similar trend. This indicates that when the price of BTC increases or decreases, the price of HNT also increases or decreases respectively.

Helium (HNT) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Helium (HNT) might probably attain $46 by 2023.

Helium (HNT) Price Prediction 2024

With several upgrades in the network, Helium (HNT) might enter a bullish trajectory. If the coin grabs the attention of major investors, HNT might rally to hit $92 by 2024. 

Helium (HNT) Price Prediction 2025

If Helium (HNT) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, HNT would rally to hit $138.  

Helium (HNT) Price Prediction 2026

If Helium (HNT) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, HNT would rally to hit $184. 

Helium (HNT) Price Prediction 2027

If Helium (HNT) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, HNT would rally to hit $230. 

Helium (HNT) Price Prediction 2028

If Helium (HNT) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, HNT would hit $276.

Helium (HNT) Price Prediction 2029

If investors flock in and continue to place their bets on Helium (HNT), it would witness major spikes. HNT might hit $322 by 2029.

Helium (HNT) Price Prediction 2030

With greater advancements in the Helium ecosystem, the crypto community might continue to invest in Helium (HNT) for the next 8 years and drive significant price rallies for the token. Hence, Helium (HNT) might hit $368 by 2030.

Conclusion

With continuous improvements in the Helium network, we can say that 2022 is a good year for HNT. For this reason, the bullish price prediction of Helium (HNT) in 2022 is $28.17. On the other hand,  the bearish price prediction of Helium (HNT) price prediction for 2022 is $6.81.

Furthermore, with the advancements and upgrades to Helium ecosystem, the performance of HNT would help to reach above its current all-time high (ATH) of $54.88 very soon. But, it might also reach $30 if the investors believe that HNT is a good investment in 2022.

FAQ

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Recommended For You