Trendline Breakout Sets Helium Coin Rally to Hit $7

The resistance trendline leading the current correction phase may plunge the Helium coin price to the $3.2 mark.
Published by
Trendline Breakout Sets Helium Coin Rally to Hit $7

A month-long resistance trendline has limited the bullish growth since early August. This dynamic resistance assists sellers in maintaining the ongoing correction phase. However, with today’s price jump, the Helium Coin buyers showed breakout attempts to surpass the $4.7 resistance. So can buyers trigger a new recovery or sellers, or there’s more in price action?

Advertisement

Key points Helium Coin analysis: 

  • The Hunt price face supply pressure at the $4.7 mark
  • The daily-RSI slope may soon enter the bullish territory.
  • The intraday trading volume in the Helium coin is $27.2 Million, indicating a 26.5% loss.

Source- tradingview

Amid the recent sell-off in the crypto market, the rising Helium price turned down from the resistance trendline at $5.66. As a result, the altcoin tumbled 30..5% and plunged to the $4-$3.95 support zone.

Last week the helium price twice retested the $3.95 mark, indicating the buyers are obtaining suitable floating at this level. However, on the other hand, the sellers are defending the $4.7 resistance, limiting the price growth within a narrow range.

Today, altcoin jumped 16.37% and rechallenged the combined resistance of the downsloping trendline and the $4.7 mark. If the coin buyers gave a daily candle closing above the $4.7 resistance, it would indicate the prior sentiment of selling on rallies is shifted to buying on dips.

The potential rally could drive the Helium prices 94% higher to the $9.3 mark.

On a contrary note, if the selling pressure priest at $4.7 resistance, a possible reversal could pull the price below $5.37 and encourage a revisit to the bottom support of $3.2%.

Advertisement

Technical indicator

Relative Strength Index: the daily RSI nearing the midline indicates the market sentiment is improving. Moreover, a crossover above the mean line will give additional confirmation for a trendline breakout.

EMAs: the declining EMAs of 20, 50, and $100 accentuate an overall bear trend.: Moreover, the 20-day EMA currently offers a constant resistance to Helium price.

Helium Price intraday level

  • Spot price $4.74
  • Trend; Bullish 
  • Volatility Low
  • Resistance levels- $8.3 and $10
  • Support levels- $6.8 and $6
Advertisement

Share
Brian Bollinger

From the past 5 years I am working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. Reach out to me at brian (at) coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?

BNB Coin price has entered a powerful phase after breaking through a major resistance level…

October 4, 2025
  • Price Analysis

Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B

Aster price has recently shown strong signals on the chart, with a breakout from its…

October 3, 2025
  • Price Analysis

Will XRP Price Hit $5 if the SEC Approves ETFs This Month?

XRP price could be on the cusp of a big move in the coming weeks…

October 3, 2025
  • Price Analysis

Bitcoin Price Hits $120K Ahead of Q4 — Can Citigroup’s Forecast Hold Up?

Bitcoin price has recently surged to the $120K mark, reclaiming momentum and sparking fresh optimism…

October 3, 2025
  • Price Analysis

Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying

Pi Network price has crashed by over 90% from its highest level since its mainnet…

October 2, 2025
  • Price Analysis

Solana Price Eyes $360 After Bullish Retest As VisionSys AI Deploys $2B Treasury Strategy

The Solana price continues to capture attention, with renewed focus coming from both analysts and…

October 2, 2025