🛑🛑🛑 HELIUM PRICE FORECAST: POSSIBLE BREAKOUT FROM TRIANGLE PATTERN SIGNALS BULLISH OUTLOOK
Helium (HNT) trades at $4.121 at press time on Tuesday, consolidating in a triangle pattern this week and ignoring the record-high mobile signups over the same period. However, bulls anticipate a potential triangle patternbreakout, fueled by open interest recovery.
Helium nears triangle breakout
Helium holds above the $4 mark with a mild drop of 0.38% at the time of writing on Tuesday. Since April 16, HNT has consolidated between the 50-day and 200-day Exponential Moving Averages (EMAs).
The converging dynamic moving averages develop a triangle pattern on the daily chart below, with the altcoin nearing the apex. This signals a heightened possibility of a breakout continuation move to prolong the 81% rally recorded between $2.39 on April 9 opening and $4.33 on April 26 closing.
