In the final hours of January 5th and early next day, HNT crashed from its new YTD high to a support at $38, and then even slightly below it, to $36.88. From here on, things went down the hill for HNT. It even briefly broke this resistance by the end of the same day, and that’s the highest the coin has been in 2022 so far, making its YTD high just shy of $45. It bounced back and managed to breach the $42 level late on January 4th, and by early January 5th, it was at $44. Each attempt resulted in a bit stronger rejection until the coin was finally pushed back down towards $38. This new resistance once again proved very difficult to breach, and just like with the last one, HNT spent several days trying to do it. Somehow, this last one worked, and the HNT price actually managed to hit the next resistance at $42 this time, right as January 3rd dawned. Unfortunately, the resistance held, and HNT made multiple new attempts on January 1st and 2nd.īy the end of the second day of the year, the coin was once again pushed down to $38, and it made yet another attempt. The coin entered the new year with a price of $38, and it immediately attempted to breach the level at $40. It still struggled with the resistance at $40, however. For the first few days of the year, Helium’s token HNT really did try to go back up. Helium in 2022įinally, after the year ended, most people expected that crypto prices would return to rallying and potentially reaching their ATHs, or maybe even making new ones. Fortunately, it saw a bit of a recovery that took it to a resistance at $40 in those final days of December, and that’s where it ended 2021 - at $40, struggling to breach this level. HNT specifically went from $55.22 to $26.17 in exactly one month. Unfortunately, reaching this milestone was followed by a crash - not just for HNT, but the entire crypto industry. Starting in January 2021, the coin went up from $1.2 to $20 in early April, and then to $25 in late August, only to skyrocket again and hit an all-time high at $55.22 in mid-November. Helium, for example, is a young coin that went life in 2020, but until 2021, it’s price barely made any movement worth mentioning. Thanks to the rally that Bitcoin started all the way back in 2020, a lot of altcoins skyrocketed in 2021, going high up to heights that many of them had never seen before. The last year has been a big one for the crypto industry.
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