Helium: If THIS level holds, HNT could move past $4.45, unless…

• Trading in HNT price price in a massive rising wedge pattern with the top of the structure around the zone of $ 4.45.
• Short and long liquidity clusters around the price could be a precedent for a potential price price in the short term.

Helium [HNT] He published a modest profit of 1.68% and has exceeded most of the top 100 cryptos in the last 24 hours.

On the 4 -hour chart HNT continued trading with a large growing wedge pattern, with a peak near $ 4.45.

At the time of printing, HNT held around $ 3.967. Pure escape over $ 4.45 could trigger a new step towards $ 5.00 or higher.

On the other hand, violation under the ascending trend line to $ 3.60 could affect the bull setting negatively. This could pull a pair to $ 3.40 during the process.

The MacD indicator gave the Bull Cross with the MACD line exceeding the signal line at 0.011 and -0.004. The histogram was 0.015 in the upper range, indicating a possible trend.

However, the vulnerability was designed by the fact that the price is so close to the trendy support of $ 3.60. If HNT managed to keep above $ 4.00 and break $ 4.38, then it could confirm the bull power.

Conversely, a drop below $ 3.60 can activate bear pressure, including $ 3.40 as another level of interest.

How could the liquidation levels form further movement

Analysis of the heat map of liquidation showed massive short liquidity for liquidated $ 3.89. Other short positions continued to develop near this level.

At the present price, there were huge leverage positions.

If HNT moves higher, the $ 4.36 cluster can attract the price and trigger more short disposal and volatility increases.

On the other hand, if the price has decreased, the resulting liquidity under $ 3.89 could reduce the price. This would cause greater disposal of short -circuit position.

These concentrations in liquidity indicated short -term price opportunities in both directions.

Factors for the use of HNT

Helium’s basic instrument continues to grow.

A total of 94,570 mobile hotspots hit, which is 278 in seven days. Daily users increased by 75 571 to 681 066, while daily data transmission reached 21.47 TB, 2 TB per period.

The increase in daily users and total mobile hotspots has indicated an increase in network acceptance and use, which can have a positive impact on HNT demand.

Larger network activity, as shown in a large number of users, has tended to cope with the high usefulness of the Helium network.

A decrease in the daily data transfer rate over the last week suggests that the change may not be permanent.

This fluctuation powered by the activity and efficiency of the network could affect the market sentiment and the price of the HNT.

However, wider market trends and the development of individual projects can also play a key role in shaping its trajectory.