Is Helium on the Verge of Collapse? HNT Price Plummets 5% as New Mining Venture Achieves $5.6 Million Milestone

By Wyatt Newson Dec 21, 202352Views

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Helium Network Faces HNT Price Drop Amidst Excitement over New Mobile Product

Helium Network, the leading decentralized internet of things provider, has experienced a sudden -5% drop in HNT price as it retraces from its break-out footing. This has led some traders to question whether Helium is heading towards zero. The drop comes amidst the market hype surrounding the launch of Helium Mobile, a new product that allows US-based Web3 users to utilize the Helium network for mobile calls and data.

HNT Price Analysis: Retracement Indicates Potential for Fourth Rally Leg

As Helium Network undergoes a retracement, the current market price of HNT stands at $7.96, representing a 24-hour change of -6.04%. After rejecting from a local high at $9.5, HNT price is now in a -16% retracement move. However, this retracement could be seen as a healthy and necessary correction from an over-extended rally. The month

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Wyatt Newson

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