Helium (HNT): Poised for a Breakout or Another Stumble?

HNT's Recent Surge:

Bullish Uptick: HNT price has seen a promising 10% jump within 48 hours, challenging the short-term resistance trendline.
Breakout Potential: This reversal suggests a possible breakout scenario, potentially pushing HNT towards $10.
Historical Performance and Resistance:

Market Downturn: HNT has been under bearish influence in recent weeks, dropping 11.28% in the last 30 days.
Falling Channel: The current price pattern creates a falling channel, indicating a potential downtrend.
Technical Analysis:

RSI Indicator: The daily RSI remains near the middle, offering no clear bullish or bearish signal.
EMAs (Exponential Moving Averages): The 50D and 200D EMAs are close to a death cross, which could be a bearish indicator.
Price Target and Resistance Levels:

Breakout Target: If the uptrend continues, HNT could reach $10, fueled by the recent momentum.
Resistance Levels: Potential hurdles exist at $6 and $8, which could stall the upward movement.
Overall Sentiment:

Market Turnaround: The overall market sentiment seems to be shifting, potentially aiding HNT's potential breakout.
Caution Advised: Despite the bullish signs, the threat of a bearish continuation remains due to the falling channel and potential death cross.

https://coinpedia.org/price-analysis/is-hnt-price-crossing-10-milestone-this-may/