• Despite losing some momentum, Helium(HNT) still stands at 7% in the past 7 days.

• At the time of writing, the coin had taken a 7% plunge in intraday trading, selling for around $37.92.

• Helium (HNT) is also now below its 200-day Simple Moving Average, showing a bearish trend.

Data source: Tradingview.com

Helium (HNT) – Price prediction and analysis

The Santa rally that took place on Christmas has benefited most coins in the wider crypto market. It seems that Helium (HNT), won’t keep this momentum for too long. After surging past the $41 mark, the coin has reversed some of those gains, pushing below its $40. 92 support line.

The price could continue well into $35. Helium (HNT), will likely try to consolidate around this price. However, if we slip below $35, then a bearish downtrend could be on the cards.

Besides, Helium (HNT) is also trading below its crucial 200-day Simple Moving Average. The RSI is a big plus. It has moved from being overbought towards neutral in the past seven days. This could indicate that buying power is still available.

Should you buy Helium (HNT)?

It all depends on your investment goals. If you’re a short-term speculative Trader, this may not be the best time to purchase Helium (HNT). You don’t want it to go down and that’s why you shouldn’t enter the trade right now. For long-term investors, you should wait for a good dip in the price before buying it. Helium (HNT) still has a lot of long-term value.