Crypto Price Prediction For December 18: HNT, ASTR, STX

Crypto Price Prediction: The cryptocurrency market is currently undergoing a correction phase, with most major coins trading in the red today. The market leader Bitcoin, experienced a 1.5% decline, settling at $40,668. Ethereum, the second-largest cryptocurrency witnessed a 2.78% drop to $2,134. 

Despite this general downtrend, a few select tokens, including Helium(HNT), Astar(ASTR), and Stacks(STX), have defied the market’s bearish mood, holding strong and signaling the potential for future gains. The global crypto market cap now stands at $1.54 trillion, marking a 3.03% decrease from the previous day. However, the total crypto market volume over the last 24 hours has seen a substantial 17.57% increase to $54.96 billion.

Also Read: Bitcoin’s Bull Run at Risk? Analyst Flags Concerns As Network Growth Stalls

Helium Price Analysis: Is HNT Heading to $10?

Helium coin price has exhibited a striking upward trajectory since early November. This surge saw the HNT value rocket from $1.442 to $8.98, marking a remarkable 524.1% growth. However, altcoin is currently undergoing a post-rally correction, with its value dipping by 14% to $7.7. 

This decline is juxtaposed with a recent 15% intraday gain, likely fueled by Helium mobile coin’s expansion in the telecom sector, particularly its introduction of a $20/month unlimited cell phone plan in the U.S. 

Looking ahead, if buying pressure remains strong, the HNT recovery’s next major resistance point is anticipated at $8.3, potentially paving the way for a continued rally toward $10.6.

A sharp upsurge in the upper boundary of Bollinger band indicators accentuates strong buying momentum.

Astar Price Analysis: Bullish Pattern Prepares Next Leap

Astar coin has been riding a wave of recovery since late October, bolstered by the formation of a bullish ‘Double Bottom‘ reversal pattern and overall market trends. The recovery saw a dramatic spike today, with prices surging nearly 193% in the early hours to a high of $0.23. 

This is likely attributed to Astar Networks’ strategic expansion into the Korean Web3 market, in partnership with @Official_Upbit. Despite a pullback to $0.119, a sustained price above the $0.116 neckline of the double-bottom pattern could signal further recovery. The post-breakout rally could surge the price to the $0.2 psychological level.

The 20-and-50-day EMA slope could offer strong pullback support to the ASTR price.

Stacks Price Analysis: Triangle Pattern Sets a Rally Past $1.5

The Stacks Coin (STX) price demonstrated noteworthy progress on December 4th, breaking through the resistance trendline of a long-standing triangle pattern. This breakout ended a 21-month consolidation phase, indicating a potential trend reversal. 

After briefly retesting the breached trendline, STX regained its upward trajectory, climbing 25.7% from $0.09 on December 13th to its current price of $1.98. Today’s 10% intraday surge, is likely fueled by a spike in transactions on the Stacks network amid STX20 inscription minting. 

If the bullish momentum persists, the STX price could be targeting further gains at $1.3, $1.56, and $1.93, in line with the triangle pattern’s projected targets