The HNT coin price gives a head and shoulder fallout and takes support at $22.75. However, the increasing bearishness hints at $20 fallout. The HNT coin price remains under the bearish influence of multiple resistances like a couple of trendlines, falling EMAs, and horizontal levels. However, the recent support near the $22.75 mark highlights the possibility of a bullish reversal to the 200-day EMA. Nonetheless, ahead and shoulder pattern hints at $20 fallout. Key technical points: HNT coin price forms a head and shoulder pattern. The falling EMAs tease a death cross possibility. The 24-hour trading volume in the Helium token is $2.19 Billion, indicating an 85% rise. Past Performance of HNT The HNT coin price fails to rise above the 200-day EMA and falls below the crucial mark of $25 to find support at the $22.75 mark. The 18% downfall in the past 72 hours completes the fallout, and a potential retest-reversal from $22.75 could reach $25. Currently, the market price of a single HNT token is $23.91, with a 5.77% spike in the last 24 hours. Source-Tradingview HNT Technical Analysis The fallout of the head and shoulder pattern drives the HNT coin price lower to $22.75. The reversal possibility to retest $25 increases with the bullish candle forming to reach higher. However, the fallout of $22.75 will result in the $17 mark downfall. The crucial EMAs maintain a bullish alignment, but the falling slope indicates a high possibility ...
