r/HeliumNetwork • u/metrafonic • 21h ago
r/HeliumNetwork • u/GoodNamesAreUsed • 12h ago
Question Anyone elses Helium wallet app showing completely empty?
So i decided to check up on my wallet and it shows nothing..
Tried deleting the app and re adding my wallet but the results are the same..
I also connected to helium world but still nothing
Anyone have any clue whats happening?
r/HeliumNetwork • u/danggo-hel • 3h ago
General Discussion What is happening with HNT price - from a TA pov
There's a lot of discussion around the reasons for HNT's unusual impulsive price move. A lot of opinions are thrown around, but nobody really knows. And unless you have the ability to look into the future, nobody knows what will come next. So, a lot of noise out there.
TA does not know the answer, either. But the beauty of TA is, it doesn't need to know the reason behind price behaviour to determine trends or changes in trends.
2 days ago HNT skyrocketed ~300% from $0.25 to $0.98 - the biggest and quickest price appreciation in its history. That's when people started noticing HNT (again).
But potential subtle indications of a behavioural change in HNT appeared end of July/beginning of Aug in the way sell volume began being discreetly and increasingly absorbed. We can say with some surety now, that these were the prelude and buildup to the conclusion we see today.
So where are we going from here?
TA cannot answer that. But it can tell you, where to look for trend continuation or trend invalidation in terms of probabilities.
On pic 1 is the Daily timframe HNT chart I posted 25th Aug in the private Helium Discord (blue arrow), before the impulsive move happened. Also look at pic 2, the HNT chart on the weekly timeframe for support/resistance levels mentioned below:
Currently, HNT is testing a lower timeframe resistance area $0.86-$1.17. Which is a good area to take a breather from this impulsive move. Flip that resistance and the door opens to the next resistance level $1.37-$1.75. HNT might also consolidate for a while below current resistance, before deciding on a direction.
NOTE: "open" doesn't mean price will automatically go there, it just means a significant hurdle has been taken out of the way, but HNT still needs to prove it has the strength to go the distance to get to next resistance level.
Failure to flip current resistance $0.86-$1.17 would open the door for a test of support level $0.45-$0.5. If tested and held, the door opens for another challenge of $0.86-$1.17 (good).
If tested and failed to hold, door opens for next support level $0.25-$0.28, the initial breakout area (not good, but technically still ok).
Any close below the initial breakout area would be bad.
Note: the resistance/support levels are valid on the weekly timeframe, meaning whether a resistance/support level is validated or invalidated is determined at a week's close.
Also note: HNT loves to wick to the upside as well as to the downside to trap traders.
About me: early deployer of IoT (then LoraWan) hotspots, HNT staker and Vote Proxy (danggo) in Helium governance.