Helium experiences high volatility just like any other cryptocurrency which is why it’s useful to be able to predict the price of HNT and trade accordingly. Today we’ll be looking at how you can use methods such as technical and fundamental analysis to formulate your own Helium price prediction
Let’s take a look at some commons questions regarding the price of Helium (HNT)
- Helium Price Prediction For 2021
- Helium Price Prediction For 2022-2025
- Is Helium (HNT) A Good Investment?
- Helium Price Prediction Through Technical Analysis
- Helium Price Prediction Through Fundamental Analysis
Analyzing The Price Of Helium (HNT)
One of the simplest methods to predict the future price of a cryptocurrency like Helium (HNT) is by looking at prior price history on a chart. Through the use of common technical analysis techniques such as identifying horizontal support and resistance levels, calculating moving averages and calling on indicators to signal strength or weakness in the market we can summarize a HNT price prediction from the tools that are freely available online.
Identifying Support & Resistance Levels
Identifying levels of support and resistance are often all it takes to start creating a HNT price prediction, at least in the short to mid-term. Horizontal resistance levels can be identified by counting the amount of times a price is tested and rejected on an attempt upwards. Horizontal support levels can be identified by counting the amount of times a a price tests and bounces from a particular price on the way down. Predicting the price of HNT can also be useful for determining sell targets if you’re already holding HNT and wondering where to sell for the highest profit.
In the following chart we can see that price has had many interactions with the areas marked in yellow, specifically at points marked by green arrows. Seeing as price has interacted with these marked areas many times in the past, Traders can use these areas in which to setup buy or sell orders depending on what they believe will happen. From this data you may be able to create your own HNT price prediction and trade accordingly.
Using Moving Averages
Creating a Helium price prediction can also involve Moving Averages or “MA’s”. Moving averages are used by many Traders to assess momentum and potential levels where price is likely to bounce from a downtrend or start slowing down after an uptrend. With the use of several important moving averages such as the 20, 50, 100 and 200, Traders can get a good idea of when to buy Helium (HNT) and when to sell for profit.
In the following image we can see that price has had several interactions with the 1D 200MA which is represented by the pink line running through the chart. From this we can assume that this line will remain important in determining the price of an asset like Helium and creating a short, mid and even long term Helium price prediction.
Indicators can assist Traders in making a prediction on whether the price of Helium (HNT) will go up or down. Indicators take into account various factors such as time, volume, momentum and many more to indicate whether a cryptocurrency like Helium (HNT) may rise or fall. Although they’re unable to predict the price of HNT, they’re able to indicate trends and strength
In the following image we can see that the RSI (Relative Strength Index) Indicator which is used by a large majority of Traders is located at the bottom of the chart. The areas above and below the dotted lines indicate whether a coin like Helium (HNT) is overbought or oversold. The RSI takes into account prior price action and volume to indicate whether there is a shift from buying to selling or selling to buying.
Assessing Strengths & Weaknesses
Another way to make a Helium (HNT) price prediction is by assessing what the project has accomplished or plans to accomplish in the near future. Keeping up to date with Helium (HNT) news and planning the buy or sell Helium (HNT) around key events is a method long term Traders use consistently.
While technical analysis may assist Traders in deciding when to buy or sell Helium (HNT), fundamental analysis can often help forecast future HNT price based on the knowledge of upcoming notable events or breaking news which may have an immediate and unexpected affect on price, regardless of what the charts show.
Helium (HNT) Price Prediction For 2021
Using support/resistance, trendlines, moving averages and simple indicators like the RSI, you can create a reasonably accurate Helium price prediction for 3, 6 and 12 months ahead of time. At the time of writing HNT is worth around $2.37 USD and we think that price could reach somewhere around the $5 to $10 USD mark in the next few months.
Fundamental analysis should be a part of your analysis when creating your own Helium price prediction. Researching what the Helium Team is doing in the next few months can help you determine whether or not an investment will be profitable after certain events, roadmap goals or milestones are met. Technical analysis holds more weight against fundamental analysis in determining short term HNT price movements but it’s important to acknowledge upcoming events in the coming weeks and months.
Helium Price Prediction For 2021 – 2025
From 2022 to 2025 we think the price of HNT to visit the $40 – $80 USD area as the Team continues to develop their products and those products receive adoption from the target audience. This HNT price prediction is based on several data sets and predictive modelling which assumes the current long term trend driving the price of HNT continues in an upwards direction with no major setbacks.
Fundamental analysis of Helium is crucial when predicting the price of the HNT token in the long term. Long term trends determined by technical analysis from years of historic price data will assist in predicting the years ahead, but fundamental analysis is key. You’ll need to keep track of newsletters, social media, upcoming events, overall Investor sentiment and market conditions as they change over time to determine when to buy or sell at the right time. Creating a Helium price prediction from collated data is an overall useful step in determining whether a long term investment is expected to be profitable.