HNT is correcting to the $12 zone before starting to rally strongly to the $16 and $19 zones this August. But if it loses this $12 zone, it will be a very bad sign for HNT as it may fall sharply to $9 or even deeper.

📈RED PLAN
🔴Buy : 11.7-12.3$. SL if B
📉BLUE PLAN
🔴Sell : 15.6-16.4$. SL if A 🔴Sell : 18.6-19.4$. SL if A
🟣PURPLE PLAN
🔵Sell : 11.7-12.3$ if B. SL if A 🔵Buy : 8.8-9.2$ if A. SL if B
❓Details
🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone

  • Helium is a peer-to-peer wireless network that aims to provide a secure and cost-effective way for low-power Internet of Things (IoT) devices to interact with the internet.
  • Using Hotspots and other devices for sending and receiving data transmitted from sensors and IoT devices, miners can earn Helium tokens (HNT) by proving they are creating wireless networks in Proof of Coverage Challenges.
  • Proof of Coverage is a type of Proof of Work (PoW) algorithm that uses radio waves to validate that Hotspots are providing legitimate wireless coverage.
  • HNT tokens are consumed for the generation of Data Credits, which are used for data transmission and token transaction fees.
  • The Helium network runs on a blockchain infrastructure with a consensus protocol based on the HoneyBadgerBFT.