Helium Price Prediction: 2024, 2025, 2030

HNT price prediction: Key highlights

1. Primary support and resistance levels

• On the daily chart, $1.3 was recorded as the lowest support level. 
• Conversely, $14.5 is expected to be the highest possible resistance to an uptrend.

2. Market sentiment

• As of May 2024, the overall market sentiment is seen to be neutral to bearish.

3. Predictive forecasts

• Our AI/ML predictive algorithms forecast HNT to attain an average trading price of $691.2 in 2030 and $21,258.7 in 2035.

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

HNT technical analysis: Another trend reversal on the horizon?

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

At the outset of the analysis period in May 2023, HNT was trading near its lowest support level at $1.3, indicating a bearish market sentiment. As the weeks progressed into June, the asset’s price fell below this critical support level.
 

However, by the end of July, a change in market dynamics was observed. The bulls began to display significant momentum, pushing HNT's price upwards to reach the $2.0 mark. 
 

Despite this positive development, August brought about another downturn, as HNT experienced a pullback. As a result, the price reverted to the $1.3 support level once again by September. 

Mid-September marked a pivotal moment for HNT as a trend reversal occurred. The bulls rallied with renewed vigor, propelling the altcoin’s price past the $2.0 level. HNT continued an upward trajectory, eventually reaching a peak resistance of $9.7 by mid-December. 

Entering 2024, HNT encountered another corrective pullback, with its price descending below the $6.6 level. Nonetheless, the downtrend was short-lived as the bulls reasserted their strength, pushing the token back to the $9.7 resistance level by February.
 

However, as March began, bearish forces regained dominance, driving HNT’s value sharply below the $6.6 mark and pushing the price below $5.0 as April unfolded.  By mid-April, the bulls managed to orchestrate a recovery. At the time of writing, HNT exchanged hands at $5.6.

HNT’s growth trajectory has been impressive over the past year due to its Solana network migration. According to CoinMarketCap, the token has witnessed a 257% appreciation in value in a year. Recently, HNT announced the successful functioning of 180k+ active wallets in the Helium ecosystem. 
 

If such strategic partnerships continue to occur, the asset’s future seems to be bright. In the upcoming weeks, HNT may rise to the peak resistance at $9.7 if the bulls continue to increase as new investors seek interest in it. A sustained bullish rally may increase buying pressure in the forthcoming months. In that case, HNT may even surge higher to touch $14.5 by the end of this year.

However, if a bearish scenario takes over, HNT may fall below the current support at $5.0 within a couple of weeks. If the selling pressure rises further, a drastic plunge to the $1.3 level may even be possible for the token.
 

Nevertheless, HNT’s long-term prospects remain optimistic. According to our AI/ML predictive algorithms, the token may reach an average value of $691.2 in 2030. If the cryptocurrency’s developmental team continues to introduce new changes and investors find it profitable, HNT may even touch $21,258.7 in 2035.

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

• The trading volume mirrored the price movements throughout the analysis. During the first half of the analysis, the volume remained low, indicating a lack of investor interest.
• However, as the token’s price spiked, the volume also recovered. At the time of writing, it fell below its recent highs but did not stoop to its previous lows.
• As the analysis began, the Relative Strength Index (RSI) moved upward from its lowest point. It touched the neutral 50 line in August, following which it dipped again.
• From September, the RSI witnessed a major spike, and it shot past the overbought territory, with its highest value recorded at 89.73. After this bump, the RSI plunged again.
• By mid-April, it went below the neutral line again. Following this dip, it began recovering. At press time, it stood at 50.00, indicating a stabilization in the market before a significant trend took over.
• The Chaikin Money Flow (CMF) mirrored the movements of the RSI and went on an upward trajectory from its lowest point at -0.14. By November, it had touched the highest recorded value at 0.16. 
• Following this spike, the CMF dipped again, and by the end of March, it had fallen below the neutral line. At press time, the CMF stood at -0.05, signaling a significant outflow of money from the asset.