Helium (HNT) has formed bullish signs on its daily chart after rallying by 12% in the last seven days due to rising buying activity.
The RSI rose above 50 earlier this week for the first time in more than two weeks as buying pressure increased.
The recent uptrend coincided with rising network activity, as data from Artemis showed that weekly fees on Helium reached a three-month high.This spike in fees and the price increase have renewed bullish sentiment that could precede a 12% price rally.The recent gains have formed bullish signs around HNT, which has made a V-shaped recovery on the daily chart. This shows that Helium is making a strong rebound after a sharp price decline.
If this buying activity continues, HNT could gain by 12% from its current price to the 1.618 Fibonacci level .
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