Is Helium (HNT/USD) going to crash again?

• The helium token is growing more popular among crypto traders and holders.

• HNT might token may continue to fall if we fail to break $30. 

• HNT has been forming lower lows and lower highs since November 2021. 

The explanation for this is the mining process provided by the corporation. Currently, Helium pullbacks point to a frightening potential decline.

Helium Network is a decentralized wireless connection that allows devices to access the Internet securely from anywhere globally. Developers can design low-power, Internet-connected devices at a lower cost and quicker rate because of its robust open-source architecture.

The downturn began once the price hit the last objective of $42 – $50 and bears came strongly to push prices more than -65% since November. This adjustment may have come to an end as recently as last week after the value of helium found a strong support at the Pivot level S2 and also the $20 key level.

Helium price falls through the trend line

In mid-2021, the helium price established a trend line, causing prices to climb. This trend line was breached after the most recent cryptocurrency meltdown. Consequently, the price may begin to fall short.

We foresee a drop down to the next key zone if we don't reclaim the trend line this week. This band of support is located between $9 and $11.75. This may be an ideal purchasing moment if you want to engage in the helium program.

HNT definite uptrend break, particularly on the one-week chart. Helium investors should liquidate their tokens or at least a portion to get Helium at a lower cost, particularly in the B region of the ABC cycle at the 61.8%- 78.6% fibonacci retracement level.