Helium (HNT) Tops Market Gains, Analyst Predicts $20 Price by 2025

2 mins
Updated by Daria Krasnova
Join our Trading Community on Telegram

In Brief

  • HNT has gained 14% in the past week and 59% in the past month, leading market performance.
  • The token trades above the Ichimoku Cloud and major moving averages, indicating a bullish trend.
  • Analyst forecasts a potential price of $20 by 2025, with recent market activity suggesting further gains.
  • promo

HNT, the token powering the Helium network, has seen a 14% price increase over the past week, making it the top-performing asset in that period.

Currently trading at $7.51, the altcoin has surged by 59% in the last 30 days and appears ready to continue its upward momentum. An analyst even predicts that HNT could reach $20 by the first quarter of 2025, highlighting the token’s growing appeal.

Helium Bulls Take Charge of Market Affairs, Relegates the Bears

At its current price, HNT is trading above the Leading Span A and B of its Ichimoku Cloud, a key indicator of trends and support levels. When an asset’s price is above these levels, it’s a strong bullish signal.

HNT Ichimoku Cloud.
Helium Ichimoku Cloud. Source: TradingView

Additionally, HNT’s double-digit surge over the past month has pushed its price above both the 20-day exponential moving average (EMA) and the 50-day simple moving average (SMA).

An asset’s 20-day EMA tracks its average closing price over the past 20 trading days. The 50-day SMA, on the other hand, is a longer-term moving average, reflecting the asset’s average closing price over the past 50 days. 

Read more: Top 8 Helium (HNT) Wallets to Consider in 2024

hnt 20-day ema and 50-day sma
Helium Price Analysis. Source: TradingView

When an asset’s price is above both the 20-day EMA and the 50-day SMA, it typically signals a strong bullish trend, indicating that both short-term and medium-term momentum are aligned in favor of higher prices. Traders often consider this setup as a potential buy signal.

HNT Price Prediction: Token To Gain by 166% By First Quarter of 2025

In a recent post on X (formerly Twitter), crypto analyst AMCryptoAlex predicted that HNT’s price will rise to $20 by the first quarter of 2025. He attributed this potential growth to the increasing adoption of HNT, which could drive demand and push prices higher. 

Additionally, the Helium network’s token burn mechanism actively reduces the circulating supply of HNT. This might further support the token’s price increase. If the current uptrend continues, HNT could rally to $7.92.

Read more: Helium (HNT) Price Prediction 2024/2025/2030

hnt price prediction
Helium Price Analysis. Source: TradingView

However, any minor pullback could cause HNT’s price to drop to its 20-day EMA support at $6.84. If this level doesn’t hold, additional support might be found at the Leading Span A at $6.64 or the Leading Span B at $5.66.

Top crypto projects in the US | October 2024
Exodus Exodus Explore
Coinrule Coinrule Explore
Uphold Uphold Explore
Coinbase Coinbase Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | October 2024
Exodus Exodus Explore
Coinrule Coinrule Explore
Uphold Uphold Explore
Coinbase Coinbase Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | October 2024

Trusted

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Untitled-1.png
Abiodun Oladokun
Abiodun Oladokun is a technical and on-chain analyst at BeInCrypto, where he specializes in market reports on cryptocurrencies from diverse sectors, including decentralized finance (DeFi), real-world assets (RWA), artificial intelligence (AI), decentralized physical infrastructure networks (DePIN), Layer 2s, and meme coins. Previously, he conducted market analysis and technical assessments of various altcoins at AMBCrypto, utilizing on-chain analytics platforms like Messari, Santiment,...
READ FULL BIO
Sponsored
Sponsored