HNT coin price shows an excellent selling opportunity as the price retests the bearish breakout of the flag pattern. Should you sell as well? Helium seeks to enhance the capabilities of wireless communication Internet of Things (IoT) devices. The infrastructure surrounding IoT was in its infancy. However, developers were looking to add the concept of decentralization and hence refer to Helium in the form of “The People’s Network” in the official documentation. Its main draw will be for owners of devices as well as those who are looking to enter the IoT area, and financial incentives will provide more opportunities to reach out. Let us move ahead to read about Helium technical analysis. Past Performance of HNT HNT coin price grows more than 15% resulting in a bullish reversal from the horizontal level at $30. However, the price jump retests the bearish fallout of the flag pattern. Therefore, traders can shortly find the prices resuming the downtrend. HNT/USD Daily Chart HNT Technical Analysis The news so far for HNT and the company has been positive, with the network expanding to 5G coverage, and the coin prices touching the $50 barrier. Furthermore, Helium has announced a new collaboration with the major carrier Dish. The HNT price action indicates resistance levels at $45 and $52 above the flag pattern. The support levels are at $26 and $21 which can halt a downfall if the price fails above $30. The crucial EMAs (50, 100, and...
