Helium's Price Surge and Potential for New All-Time Highs
Wednesday, August 28, 2024 11:09 PM
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Helium (HNT) has surged past $7, breaking the recent downtrend in altcoins with a 12% rally. Speculation is rising on whether HNT will reach a new all-time high as trading volumes and open interest soar. Factors driving this surge include increased buyer activity, bullish technical indicators, and growth in decentralized physical infrastructure networks. Traders are monitoring key technical levels such as moving averages, resistance and support levels, and the long/short ratio. Despite some caution in the market, the positive sentiment around Helium suggests a potentially bullish outlook for the cryptocurrency.
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