HNT Technical Analysis: Rapid Fall Heads Lower To $16

HNT coin price action shows a downfall continuation after consolidating below $20. However, the trend continues and approaches the $16 mark. Key technical points: The falling trend in RSI approaches oversold territory. In addition, the bears challenge the $18 mark. Finally, the 24-hour trading volume of Helium is $22.64 Million, marking a 2.20% fall. Past Performance of HNT HNT coin price action shows growth in selling pressure as the downfall continues after moving sideways below the $20 level. The price falls by 8.81% in the last two days and approaches the next support level at $16. Moreover, the downfall continuation now accounts for a 30% decline within three weeks after facing rejection at the 200-day EMA. Source-Tradingview HNT Technical Analysis HNT coin price shows a downtrend after breaking under the monthly support with a bearish engulfing candlestick. Moreover, the volumes are increased compared to the consolidation phase seen last week. The three EMAs that provide crucial levels for daily trading (50, 100, and 200) return to bearish alignment following the 100 – and 200-day EMA diverge, regaining spread. Furthermore, the declining direction of the EMAs is indicative of an underlying bearishness. RSI indicator: The rapid drop in RSI values indicates that the slope is approaching the oversold zone. Additionally, The 14-day SMA continues to decline after it has crossed the 50 percent line. Therefore, the indicator in...