With the altcoin market driving a new bull run, the broader market anticipates a new altcoin season. Among the top-performing altcoins, Helium has surged by nearly 16% over the last 24 hours.
Currently, it is trading at $4.23, with a new bullish engulfing candle in the daily chart. As the altcoin breaks above the $4 barrier, a new partnership with AT&T fuels the bullish trend. Will this bull run boost the HNT prices to $10? Let’s find out.
HNT Price Eyes $11 After 77% Rally
In the daily chart, the HNT price trend showcases a bullish turnaround from the $2.29 mark, creating a strong local bottom. The HNT price takes a double bottom reversal to regain a bullish trend.
Currently, the recovery run has surpassed the 23.60% Fibonacci retracement at $3.92. Furthermore, the short-term recovery run has led to a bullish crossover in the 20 and 50 EMA lines.
The uptrend is close to challenging the dynamic resistance of the 200 EMA line at $4.47. Starting the rally from near $2.40, the uptrend now accounts for 77% in 16 days.
With the increased trend momentum, the MACD and signal lines maintain a positive trend with a surge in bullish histograms. Based on the Fibonacci levels, as the uptrend continues, a breakout above the $5 mark could propel HNT price to new swing highs.
The Fibonacci levels paint the HNT price target at $6.56 and $9.19, followed by a potential price target at $11 by 1.272 Fibonacci retracement.
Helium Collaborates With AT&T
Helium has announced a collaboration with one of the biggest telecom providers in the United States, AT&T. With this collaboration, AT&T subscribers can connect to Helium’s community-built Wi-Fi network, providing larger coverage and improved mobile services.
The smart collaboration comes with AT&T’s Early Adopter Initiative to bring real-time coverage quality metrics pioneered by Helium. With over 62,000 hotspots deployed in the U.S. and Mexico region, Helium will provide affordable and accessible connectivity to AT&T providers.
With this big-scale partnership with a U.S. telecom giant, the AT&T price trend gains momentum.
