HNTUSD Daily Outlook

Helium is a global, distributed network of Hotspots that create public, long-range wireless coverage for Internet of Things (IoT) devices. Hotspots mine and are rewarded in IOT, a cryptocurrency now on the Solana blockchain.

Hotspots enable people to own and operate a wireless network that supports a wide range of Internet of Things (IoT) devices, from smart pet collars and home delivery systems, to smart bikes and scooters, medical transport and tracking devices, cooling systems, smart lighting systems, and more.

Hotspots earn IOT by providing wireless coverage and transferring data from nearby devices. 

Proof Of Coverage (POC)-

A unique consensus algorithm employed by the LoRaWAN and 5G subnetworks, which rewards participants for verifying wireless network coverage.

Ichimoku Analysis  (4 hour chart)

Tenken-Sen- $4.12

Kijun-Sen- $4.44

HNTUSD recovered after a major sell-off.

Any daily close above $6 confirms further bullishness.

HNTUSD gained more than 35% in past two days.The pair holds well above the short-term (21 and 55 EMA) and below the long-term moving average. It hit a high of $4.78 and is currently trading around $4.35.

The bullish invalidation can happen if the pair closes below $3.50. 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 $5. Any breach above confirms a minor pullback. A jump to $6  is possible. A surge past $6 will take it to $8/$10.

It is good to buy on dips around $4.25-30 with SL around $3.45 for TP of $8.