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The Helium price surged over 9% in the last 24 hours to trade at $7.43 as of 5:58 a.m. EST as investors rush to buy the altcoin.
This recent gain by the HNT price was enough to flip the altcoin’s weekly performance back into the green. It also added to the crypto’s positive streak throughout the past 30 days. As a result, the Helium price is up more than 37% on the monthly time frame.
The Helium Price Overcomes A Major Resistance Level
4-hour chart for HNT/USD (Source: GeckoTerminal)
The Helium price was able to overcome the major resistance level at $7.0740 after printing a series of higher highs and higher lows to form an ascending price channel. Should the crypto close a 4-hour candle above this threshold in the next 8 hours, HNT might have the technical foundation needed to attempt a challenge at the next resistance at $7.5969.
On the other hand, the Helium price dropping back below the $7.0740 mark in the coming 8 hours could invalidate the bullish thesis. In this alternative scenario, the crypto could be at risk of dropping out of the aforementioned positive price channel and test the immediate support at $6.5511. Continued sell pressure at this point might lead to HNT falling to as low as $6.0936.
Technicals Suggest The Helium Price Could Keep Climbing
From a technical perspective, indicators on HNT’s 4-hour chart suggest the Helium price could keep climbing through the course of the next trading day. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators point to a continuation of the crypto’s positive trend.
RSI readings on the 4-hour chart have risen consistently in the past few hours. Traders generally see this as a sign of buyers growing stronger. The current positive slope of the RSI line and the reading at 63 suggest that bulls could keep pushing HNT higher and still have some room left before the crypto enters overbought territory.
Meanwhile, the MACD line is positioned above the MACD Signal line on the 4-hour chart with the gap between the two technical indicators growing. This not only suggests that the Helium price is in a positive short-term trend, but also that HNT’s bullish momentum shows no signs of slowing down just yet.
While the Helium price tries to continue its positive performance, investors are FOMO buying the Base meme coin Base Dawgz (DAWGZ) with its DEX debut less than a week away.
A Meme Coin That Can Hop Between The Base Network And Other Popular Chains
Base Dawgz (DAWGZ) is a new meme coin looking to establish itself within the burgeoning Base ecosystem. What sets the crypto apart from those that came before it is its cross-chain capabilities. Powered by Wormhole and Portal Bridge technology, the meme coin enables investors to seamlessly shift value between some of the biggest blockchains in the Web3 space.
DAWGZ holders are able to transact across leading networks including Avalanche, Binance Smart Chain, Solana, Ethereum and the layer-2 Base chain. Investors can subsequently pounce on yield-generating opportunities on either of these chains as soon as they appear to maximize their potential returns.
Popular crypto YouTuber ClayBro is bullish on Base Dawgz. In a recent video, he said that the meme coin is one of the top cryptos to accumulate.
An Investor Frenzy Erupts Around Base Dawgz Ahead Of Its Impending DEX Debut
Investors have sent more than $3.1 million to Base Dawgz’s ongoing presale, signaling strong confidence in the project’s future at this early stage. More capital could continue to flow in as the meme coin gets ready to make its DEX debut in 6 days. This will open up the project to the open market, which will increase its exposure and could lead to a price surge.
The $DAWGZ presale has ended!
You are still able to buy the token at listing price if you so wish. Please stay tuned for more info.
DEX launch date: 4 September 2024, 5pm CET 🪂 pic.twitter.com/B9gFx6Yju6
— Base Dawgz (@BaseDawgz) August 28, 2024
To get in on the token early, investors can acquire the token through the simple buy widget embedded on the project’s website. Selling for $0.008582, the crypto can be bought using either BASE, AVAX, ETH, SOL or BNB given the project’s multi-chain presence. Once purchased, the tokens can also be staked for an incredible 736% APY.
Purchase and stake DAWGZ here for the 736% APY before its DEX debut.
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