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The Helium worth surged over 9% within the final 24 hours to commerce at $7.43 as of 5:58 a.m. EST as traders rush to purchase the altcoin.
This latest achieve by the HNT worth was sufficient to flip the altcoin’s weekly efficiency again into the inexperienced. It additionally added to the crypto’s constructive streak all through the previous 30 days. Because of this, the Helium worth is up greater than 37% on the month-to-month timeframe.
The Helium Worth Overcomes A Main Resistance Stage
4-hour chart for HNT/USD (Supply: GeckoTerminal)
The Helium worth was capable of overcome the foremost resistance stage at $7.0740 after printing a sequence of upper highs and better lows to kind an ascending worth channel. Ought to the crypto shut a 4-hour candle above this threshold within the subsequent 8 hours, HNT may need the technical basis wanted to try a problem on the subsequent resistance at $7.5969.
However, the Helium worth dropping again under the $7.0740 mark within the coming 8 hours may invalidate the bullish thesis. On this various situation, the crypto could possibly be liable to dropping out of the aforementioned constructive worth channel and check the fast assist at $6.5511. Continued promote stress at this level may result in HNT falling to as little as $6.0936.
Technicals Recommend The Helium Worth Might Preserve Climbing
From a technical perspective, indicators on HNT’s 4-hour chart recommend the Helium worth may maintain climbing by means of the course of the following buying and selling day. Each the Transferring Common Convergence Divergence (MACD) and the Relative Power Index (RSI) indicators level to a continuation of the crypto’s constructive development.
RSI readings on the 4-hour chart have risen constantly prior to now few hours. Merchants typically see this as an indication of patrons rising stronger. The present constructive slope of the RSI line and the studying at 63 recommend that bulls may maintain pushing HNT greater and nonetheless have some room left earlier than the crypto enters overbought territory.
In the meantime, the MACD line is positioned above the MACD Sign line on the 4-hour chart with the hole between the 2 technical indicators rising. This not solely means that the Helium worth is in a constructive short-term development, but additionally that HNT’s bullish momentum reveals no indicators of slowing down simply but.
Whereas the Helium worth tries to proceed its constructive efficiency, traders are FOMO shopping for the Base meme coin Base Dawgz (DAWGZ) with its DEX debut lower than per week away.
A Meme Coin That Can Hop Between The Base Community And Different Widespread Chains
Base Dawgz (DAWGZ) is a brand new meme coin seeking to set up itself throughout the burgeoning Base ecosystem. What units the crypto other than people who got here earlier than it’s its cross-chain capabilities. Powered by Wormhole and Portal Bridge know-how, the meme coin permits traders to seamlessly shift worth between a few of the greatest blockchains within the Web3 area.
DAWGZ holders are capable of transact throughout main networks together with Avalanche, Binance Sensible Chain, Solana, Ethereum and the layer-2 Base chain. Buyers can subsequently pounce on yield-generating alternatives on both of those chains as quickly as they seem to maximise their potential returns.
Widespread crypto YouTuber ClayBro is bullish on Base Dawgz. In a latest video, he mentioned that the meme coin is without doubt one of the high cryptos to build up.
An Investor Frenzy Erupts Round Base Dawgz Forward Of Its Impending DEX Debut
Buyers have despatched greater than $3.1 million to Base Dawgz’s ongoing presale, signaling sturdy confidence within the challenge’s future at this early stage. Extra capital may proceed to movement in because the meme coin will get able to make its DEX debut in 6 days. This can open up the challenge to the open market, which is able to improve its publicity and will result in a worth surge.
The $DAWGZ presale has ended!
You might be nonetheless capable of purchase the token at itemizing worth for those who so want. Please keep tuned for more information.
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, traders can purchase the token by means of the straightforward purchase widget embedded on the challenge’s web site. Promoting for $0.008582, the crypto might be purchased utilizing both BASE, AVAX, ETH, SOL or BNB given the challenge’s multi-chain presence. As soon as bought, the tokens may also be staked for an unbelievable 736% APY.
Buy and stake DAWGZ right here for the 736% APY earlier than its DEX debut.
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