# FxWirePro- HNTUSD (Chart of the day) By Sheena Jordan Canonical URL: https://www.tokenpost.com/news/investing/12852 Published: 2024-08-29T21:34:30.000Z Updated: 2024-08-29T21:34:30.000Z Section: Investing > Helium is a decentralized distributed network of Hotspots for Internet of Things (IoT) devices using the LoRaWAN system. It is one of the leading DePIN protocols. Helium is a decentralized distributed network of Hotspots for Internet of Things (IoT) devices using the LoRaWAN system. It is one of the leading DePIN protocols. HNTUSD recovered after a minor sell-off. HNT trading volume surged by 160%, reaching $31 million. Any daily close above $8 confirms further bullishness. HNTUSD gained more than 10% in the past two days. The pair holds well above the short-term (21 and 55 EMA) and the long-term moving average. It hit a high of $7.50 and is currently trading around $7.454. The bullish invalidation can happen if the pair closes below $3.50. On the lower side, the near-term support is $6.70. Any break below targets $6/$5/$4.50/$4/$3.60/$3. The immediate resistance stands at around $8. Any breach above confirms a minor pullback. A jump to $8.49/$9.13 is possible. Indicator (4-Hour chart) CCI (14)- Bullish CCI (50)- Bullish Average directional movement Index - Bullish It is good to buy on dips around $7.10-15 with SL around $6 for TP of $10 [TokenPost]() | info@tokenpost.com ## Links in this article - [TokenPost](https://www.tokenpost.com)