The helium token is becoming more and more popular. The reason for this is the mining method that the company offers. Today, Helium technicals are indicating a scary potential drop. Should you sell ALL your Heliums? When is the optimal exit point, or should you sell now because the price could crash? Today we will explain everything you need to know about the Helium price.
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What is Helium Crypto?
Helium Network is a decentralized wireless network that helps devices connect wirelessly to the Internet anywhere in the world. Thanks to its secure and open-source infrastructure, developers have the opportunity to build low-power, Internet-connected devices at a cheaper and faster pace.
Helium Price Completes ABC sequence with Correction
At the end of 2021, the Helium price was able to complete an ABC sequence that was already running at the end of 2020. After the price reached the final target of $42 – $50, the correction started. This correction could see an end last week. The helium price has reached the golden pocket of the ABC sequence and has thus, theoretically, corrected the entire increase. As a result, the price could be targeting higher prices in the near future, which it has already done this week. But one thing stands in the way of the Helium price.
Helium Price Breaks Trendline! Panic Now?
The helium price formed a trend line in mid-2021, which caused prices to rise. This trend line was broken in the last crypto crash. As a result, the price could start a downtrend next. If we don’t retake the trendline this week, we expect a crash down to the next support zone. This support zone is between $9 and $11.75. Here could be an optimal purchase point if you want to invest in the helium course.
Looking at figure 2, the uptrend break looks clear, especially on the 1-week chart. If you already hold Helium tokens, it would be best to liquidate, or at least part of your earnings. This way, you can catch Helium at better prices, specifically around the B area of the ABC sequence.
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