On a closer look at the daily chart of Helium crypto assets, it came into sight that the price rose at the start of the year 2024, and went all the way to high up to $11.0. After meeting the top resistance, the price started losing ground and violated the uptrend by making lower lows and highs in the process.
At press time, the price is trying to hold on to the current price level at $6.250 with a fraction of a gain of 0.13% on the daily chart.
The present scenario highlights that, if the buyers lose any more ground, which is the $6.00 support level, the price would drop back to the 2024 yearly start price.
On the flip side, if the volume, OI, and social awareness start to increase abruptly, the price might swap the scenario in its favor and could continue advancing towards the $8.00 hurdle, and breaching that would lead to retest of the supply level at $11.0
Looking at the indicators on the Helium daily chart, the EMA's are rejecting its value from its dynamic resistance, RSI is declining by following the 14-SMA lead, and MACD is below the zero line. This confirms that the major outlook is favoring the bearish cause on the daily chart.
At press time, the price is trying to hold on to the current price level at $6.250 with a fraction of a gain of 0.13% on the daily chart.
The present scenario highlights that, if the buyers lose any more ground, which is the $6.00 support level, the price would drop back to the 2024 yearly start price.
On the flip side, if the volume, OI, and social awareness start to increase abruptly, the price might swap the scenario in its favor and could continue advancing towards the $8.00 hurdle, and breaching that would lead to retest of the supply level at $11.0
Looking at the indicators on the Helium daily chart, the EMA's are rejecting its value from its dynamic resistance, RSI is declining by following the 14-SMA lead, and MACD is below the zero line. This confirms that the major outlook is favoring the bearish cause on the daily chart.