As the HNT prices fail to rise above the $30 mark, the bears push the price lower, resulting in the fallout of the $25 mark. The rejection accounts for a downfall of 20% in the past week. Hence, the price chart and increasing number of bearish signals project the possibility of a free fall to $20. Will the bulls make a comeback?
<h2>Key technical points:</h2>
<ul>
 	<li style="font-weight: 400">The HNT coin price breaks below the 200-day EMA and the $25 mark.</li>
 	<li style="font-weight: 400">The MACD indicator gives a bearish crossover</li>
 	<li style="font-weight: 400">The 24-hour trading volume in the Helium token is $32.8 Million, indicating a 55% rise. </li>
</ul>
<h2>Past Performance of HNT</h2>
HNT coin price trades at $24.52 with a downfall of 10% in the past 24 hours resulting in the fallout of $25 horizontal level. Moreover, in the past week, the downfall accounts for more than 20% resulting in a breakout of the 200-day EMA. The fallout of multiple support levels in such a short time indicates an increase in bearish momentum. 

<img src="https://s3.tradingview.com/snapshots/a/ApYV3OBF.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/ApYV3OBF/">Tradingview</a>
<h2>HNT Technical Analysis </h2>
The failure to sustain above the $30 mark initiates the downtrend resulting in the multiple bearish candles in the daily chart. Hence, HNT traders expect the downfall to reach the $22.5 support level as the trend gains momentum.

The Helium coin exchanges hand at a price below the 200-day EMA, reflecting a bearish trend reversal. Moreover, the bearish crossover of the 50 and 100-day EMA suggests a bearish continuation. 

The MACD indicator shows the MACD and signal lines failing to approach the zero line mark as it falls to give a bearish crossover. Hence, the indicator reflects the possibility of a downfall to reach the $20 mark.

The Volatility Indicator shows a bearish crossover of the VI lines in the HNT/USD daily chart, indicating a trend reversal. Hence, the indicator supports the idea of bearish continuation. 

In short, the technical indicators project the possibility of HNT prices reaching the low of $20 shortly. 
<h2>Upcoming Trend</h2>
The sudden reversal of the trend of the HNT coin price and the increasing selling pressure evident by the jump in trading volume shows highly influential bearish powers in action. Therefore, traders can find a selling opportunity with the daily candle closing below the $25 mark.

HNT Technical Analysis: Overnight Downfall Breaks Bullish Dreams 

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

HNT Technical Analysis: Overnight Downfall Breaks Bullish Dreams

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