HNT is on monitor for its greatest achieve this month as Helium is outperforming the opposite cash within the prime 100.
HNT, the native token of the Helium network, is the most effective performer amongst the highest 100 cryptocurrencies by market cap as we speak. It has added greater than 7% to its worth to this point on Wednesday and may very well be on monitor for its greatest each day achieve to this point in October.
The constructive efficiency comes because the broader crypto market continues its constructive begin to the week. The overall crypto market cap crossed the $950 billion mark after including lower than 1% to its worth within the final 24 hours.
Bitcoin, the world’s primary cryptocurrency, is buying and selling above the $20k stage for the primary time this month after including 1% to its worth in the previous few hours.
Ether, the second-largest cryptocurrency by market cap, is, nevertheless, down by lower than 1% however continues to commerce above the $1,300 resistance stage.
There isn’t any rapid catalyst behind HNT’s ongoing constructive efficiency. Nonetheless, if it maintains it, HNT might surge by greater than 10% earlier than the top of the day.
Key ranges to observe
The HNT/USD 4-hour chart has turned bullish as Helium has been performing effectively during the last 24 hours. The technical indicators present that Helium is outperforming the broader crypto market.
The 14-day relative energy index of 63 reveals that HNT might quickly enter the overbought area if the bulls proceed to regulate the market.
The MACD line crossed into the constructive territory yesterday, indicating that HNT has overcome its latest bearish pattern.
At press time, HNT is buying and selling at $5.384 per coin. If the bullish pattern continues, HNT might transfer previous the primary main resistance stage at $6.691 earlier than the top of the day.
Nonetheless, it could want the assist of the broader crypto market to focus on the $8.5 resistance stage for the primary time since August.
The place to purchase now
Binance
Binance is without doubt one of the largest cryptocurrency exchanges on the planet. It’s higher suited to extra skilled traders and it affords numerous cryptocurrencies to select from, at over 600.
Binance can be recognized for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, reminiscent of; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.
Vindax
VinDAX Alternate has been dwell for cryptocurrency buying and selling for world customers since March 2019. VinDAX focuses on offering change providers for digital cryptocurrency transcations with excessive safety stage, wonderful effectivity and well-optmized buying and selling payment.