As the HNT prices fail to rise above the $30 mark, the bears push the price lower, resulting in the fallout of the $25 mark. The rejection accounts for a downfall of 20% in the past week. Hence, the price chart and increasing number of bearish signals project the possibility of a free fall to $20. Will the bulls make a comeback? Key technical points: The HNT coin price breaks below the 200-day EMA and the $25 mark. The MACD indicator gives a bearish crossover The 24-hour trading volume in the Helium token is $32.8 Million, indicating a 55% rise. Past Performance of HNT HNT coin price trades at $24.52 with a downfall of 10% in the past 24 hours resulting in the fallout of $25 horizontal level. Moreover, in the past week, the downfall accounts for more than 20% resulting in a breakout of the 200-day EMA. The fallout of multiple support levels in such a short time indicates an increase in bearish momentum. Source-Tradingview HNT Technical Analysis The failure to sustain above the $30 mark initiates the downtrend resulting in the multiple bearish candles in the daily chart. Hence, HNT traders expect the downfall to reach the $22.5 support level as the trend gains momentum. The Helium coin exchanges hand at a price below the 200-day EMA, reflecting a bearish trend reversal. Moreover, the bearish crossover of the 50 and 100-day EMA suggests a bearish continuation. The MACD indicator shows the MACD and signal lines failing to approac...
