Helium Price Prediction: 2024, 2025, 2030

HNT price prediction: Key highlights

1. Primary support and resistance levels

• On the weekly chart, $1.3 was recorded as the lowest support level. 
• Moreover, $10.0 was the highest resistance.

2. Market sentiment

• As of September 2024, the overall market sentiment is seen to be bullish. 

3. Predictive forecasts

• Our AI/ML predictive algorithms forecast HNT to attain an average trading price of $20 in 2029 and $50 in 2035.

Stay updated on the future trajectory of HNT via a detailed weekly technical analysis, followed by projections for the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

HNT technical analysis: Bullish market struggles with sell-offs

The Helium price prediction for 2024 is based on an analysis of HNT's weekly chart over the past year. This also covers an in-depth examination of the price fluctuations and market dynamics that have influenced the token’s trading performance.

At the outset, the price stabilized at its lowest yearly support of $1.3. In the Q4 2023 rally, HNT recovered along with most altcoins. This uptrend propelled it to test $8.1 in mid-December. Nonetheless, the market’s overvaluation of the asset triggered a correction, briefly compromising $6.0 in the new year.

Investors' buying sentiment remained strong as the northward journey continued by mid-January. The sector-wide optimism allowed for a bullish flip of $8.1 in mid-February. Concurrently, the asset challenged its highest resistance of $10.0.
 

This psychological mark triggered sell-offs, further exacerbated by the broader market downturn. Consequently, HNT retracted below $6.0 in early April. A retest of this level in late April was rejected, turning the market red.

Nevertheless, $3.0 halted further declines in mid-June. The new quarter began optimistically as AMBCrypto reported that buying pressure started to build up again in mid-July. This was further bolstered by the rising adoption of Helium Mobile, which crossed 100,000 subscribers. 

Despite an intermittent dip, the token surged in August, hitting a four-month high. AMBCrypto highlighted that the network’s adoption had accelerated over the past year, positively influencing the price. Moreover, a substantial bullish candle mid-month allowed it to reclaim $6.0.

By September, it rose to test $8.1, making HNT one of the biggest weekly gainers. AMBCrypto noted token burns and record highs in data revenue bolstered this bullish sentiment. Nonetheless, in mid-month, the price faced rejection.

This decline made the token one of the top weekly losers. At press time, HNT traded at $7.6. AMBCrypto’s examination of the daily chart revealed that the price was trading within a series of descending channels. This bearish pattern demonstrated that profit-taking thwarted every attempt at a price increase.
 

The report indicated a risk of the price descending below the $6.0 threshold. If left unchecked, HNT would drop to $5.4. Historical patterns suggest a prolonged downtrend could be contained around the $3.0 mark.
 

Notwithstanding, the recent network growth might motivate investors to retain their holdings, expecting further price increases. If the bulls counter liquidations, the price can exceed the critical $10.0 mark. This would be a significant milestone, as the level hasn’t been breached since Q3 2022. 

Looking at the broader picture, our predictive models exhibit a positive yet sluggish growth outlook for HNT's journey. According to the predictions, the asset can likely average a trading price of $20 in 2029. Moreover, the average price is expected to increase to $50 by 2035.

HNT's 2024 roadmap: Key indicators to watch and trade

• The trading volume experienced substantial spikes between December and March. However, it receded to its initial lows as the price declined. The recent recovery was supported by a modest uptick in volume, highlighting investor interest. 
• The 20-week Exponential Moving Average (EMA) turned to support by the end of October. Meanwhile, the 50 EMA was flipped in December. 
• After a golden cross in January, the EMAs were reinstated as resistance levels in late March and early April, respectively. Furthermore, a death cross was formed in mid-June. 
• However, the price retook a dominant position in late July. After a temporary dip, it moved above in August, with another golden cross forming mid-month. This validated the sustainability of the uptrend.
• In the Directional Movement Index (DMI), the ADX line was the lowest in September. Meanwhile, the -DI and +DI fluctuated across each other, with the former moving above briefly in September and mid-October.  
• The +DI line rose exponentially in late October. It was accompanied by a rising ADX line that overtook the -DI by mid-November. The +DI’s ascension was reversed in mid-December, dropping below the ADX and -DI line in January and April, respectively. 
• However, it climbed over both in the second half of July. The bullish trend strengthened as the ADX moved on top in late August. The latest record values were the ADX line at 28.7768, the +DI line at 22.2925, and the -DI line at 11.5443.