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The Helium price surged 12% in the last 24 hours to trade at $5.90 as of 02:39 p.m. EST on trading volume that rose 7% to $66 million.
This follows the trend of many Decentralized Physical Infrastructure (DePIN) tokens, which have been on a continuous rise in recent months. DePINs are projects that utilize blockchain technology to enable users to take ownership of their data.
Helium Price Set To Soar Over The Rounding Bottom Pattern
The Helium price dropped in March from the $10 resistance level to the support level of $6.0. HNT then went to a consolidation phase at the beginning of April, with the bears winning the struggle for dominance to push the price down to the $3.6 support level.
The $3.6 support level allowed the bulls to propel the price through a markup phase to the resistance around $6.0, forming what resembles a rounding bottom pattern.
HNT is currently trading over both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the bullish trend to the upside, as the bulls aim to drive the price over.
Moreover, the Relative Strength Index (RSI) stands at 70, an indication that there is more action from the buyers.
Helium Price Prediction
The Helium price analysis on the 4-hour chart shows a strong bullish trend, as HNT trends within the upper threshold of the rounding bottom pattern. HNT bulls are currently aiming to breach the $6.0 resistance as they target $8.5.
However, the 50-day SMA still trades below the 200-day SMA, which could prompt a price retrace. In such a case, the bears can exert pressure at this level to drive the price down to the next support at $5.06, coinciding with the 200-day SMA.
As the Helium price surges, investors are also piling into the Dogeverse (DOGEVERSE) presale, which has soared past $12.6 million in funds raised in less than a month.
That’s one key reason why crypto analysts like Jacob Bury believe that Dogeverse has the potential to soar 100X on launch.
Dogeverse Presale Charges Past $12.6 Million
The project is unique in that it is built on a multichain network that spans Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base. Dogeverse is therefore designed for seamless operation across multiple blockchains.
🌐 Embracing Inclusive Accessibility! 🚀
$DOGEVERSE opens its doors to a wide audience, from #Ethereum aficionados to those preferring the rapid, cost-effective benefits of #Solana or #Polygon, fostering a diverse and inclusive community. 🐕🌟 pic.twitter.com/sXPOvaoz67
— DogeVerse (@The_DogeVerse) April 12, 2024
The project’s mascot is Cosmo the Doge, which has the ability to hyperjump between crypto networks. It is this characteristic that gives Dogeverse the ability to move across chains, making the token more accessible and increasing its utility in the meme coin space.
Dogverse also has a staking system that allows holders to earn rewards of 89% annually.
You can participate in the presale by buying $DOGEVERSE for $0.000304 per token. Buy soon, though, because a price hike is coming in about 19 hours.
Buy $DOGEVERSE on the official website here using ETH, USDT, or a bank card.
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