The Helium Network represents a paradigm shift for decentralized wireless infrastructure. The Helium Network powers a variety of wireless applications from long-range sensor tech to cellular connectivity. Wireless gateways called "Hotspots", operated by Helium's global community, provide low-cost wireless coverage.
Helium network components are
Solana Blockchain
HNT Token
IOT Token
Mobile token
Consensus mechanism-
Proof of Coverage - The Helium Network uses a unique consensus algorithm called "Proof-of-Coverage" (PoC) to verify that hotspots accurately represent their location, configuration, and the wireless coverage they create.
Ichimoku Analysis (4 hour chart)
Tenken-Sen- $5.01
Kijun-Sen- $5.28
HNTUSD recovered after a minor sell-off.
Any daily close above $6 confirms further bullishness.
HNTUSD gained more than 20% in the past two days. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $4.58 and is currently trading around $4.35.
The bullish invalidation can happen if the pair closes below $4. On the lower side, the near-term support is $4.50. Any break below targets $4/$3.60/$3.
The immediate resistance stands at around $6. Any breach above confirms a minor pullback. A jump to $7.25/$8.20 is possible. A surge past $10 will take it to $15.
It is good to buy on dips around $4.75-80 with SL around $4 for TP of $7.