HNT Technical Analysis: Can Buyers Overtake Control of 200-day EMA?

HNT coin price experiences a surge in selling pressure from the utmost resistance of the falling wedge pattern. Will buyers regain the selling pressure? Key technical points: HNT prices fall 4.77% with the rejection near the resistance trendline. Next, the altcoin prices face extreme selling pressure at the 50-day EMA. Finally, the 24-hour trading volume of Helium is $61.69 Million, marking a 50% fall. Past Performance of HNT HNT coin price suits a surge in buying pressure from the descending support trendline on 14th March. The recovery rally homes the market price by 26% in two weeks. However, the rally fails to surpass the resistance trendline resulting in a 7% decline in the last 24 hours. Moreover, the falling trend creates a descending wedge pattern in the daily chart. Source-Tradingview HNT Technical Analysis HNT coin price shows a higher price rejection from the resistance trendline resulting in a bearish engulfing candlestick. Moreover, the retracement challenges the $22.5 support level as the selling pressure grows. The crucial daily EMAs (50, 100, and 200-days) might shortly achieve a bearish alignment with the 100 and 200-day EMAs bearish crossover. Moreover, the 50-day EMA continues to provide dynamic resistance. RSI Indicator: The RSI slope test falls under the halfway mark and enters the nearly oversold territory. Moreover, the slope breaks below the 14-days average mark. MACD Indicator: The MACD and signal line...