HNT Technical Analysis: Bears Break 200-day EMA; Aims To Reach $20

The HNT coin price gives a breakout of the double top pattern and the 200-day EMA resulting in a downfall with the aim to reach the $20 mark. Helium seeks to improve the capabilities of wireless communication Internet of Things (IoT) devices. The infrastructure surrounding IoT was just beginning to develop, however, developers were looking to add decentralization to their offerings and hence refer to Helium in the form of “The People’s Network” in the official documentation. Its primary draw will be for users of devices and people looking to enter the IoT area as financial incentives provide additional opportunities for outreach. Let us move ahead to read about HNT technical analysis. Past Performance of HNT The HNT coin price fell more than 40% in the past month resulting in a drastic correction phase. The downfall breaks below the $25 mark and the 200-day EMA. In the past week, the coin price gives the fallout of a double top pattern slightly close to the 200-day EMA. It may shortly result in a fall of 10%. HNT/USD Daily Chart HNT Technical Analysis The HNT coin price falls by almost 15% in the past week as it breaks below the $25 mark. Furthermore, in the past 24 hours, the price fell by more than 10% resulting in the fallout of the double top pattern. The free fall can reach the $20 horizontal mark. The crucial Exponential Moving averages showcase the price breaking below the 200-day EMA as it gives a pattern breakout. Mor...