The cryptocurrency market is currently undergoing a correction phase, with most major coins trading in the red today. Bitcoin, the market leader, experienced a 1.5% decline, settling at $40,668, while Ethereum, the second-largest cryptocurrency saw a 2.78% drop to $2,134. However, a few select tokens, such as Helium(HNT), Astar(ASTR), and Stacks(STX) have defied the bearish market sentiment and are holding strong, indicating potential for future gains. The overall crypto market cap is now at $1.54 trillion, a 3.03% decrease from the previous day, but the total crypto market volume over the last 24 hours has seen a substantial 17.57% increase to $54.96 billion.
Helium Price Analysis: Is HNT Heading to $10?
Helium coin price has seen an impressive upward trajectory since early November, with its value rocketing from $1.442 to $8.98, marking a 524.1% growth. However, the altcoin is now undergoing a post-rally correction, with its value dipping by 14% to $7.7. This comes despite a 15% intraday gain likely fueled by Helium mobile coin’s expansion in the telecom sector, particularly its introduction of a $20/month unlimited cell phone plan in the U.S. If buying pressure remains strong, the HNT recovery’s next major resistance point is anticipated at $8.3, potentially paving the way for a continued rally toward $10.6. A sharp upsurge in the upper boundary of Bollinger band indicators accentuates strong buying momentum.
Astar Price Analysis: Bullish Pattern Prepares Next Leap
Astar coin has been on a recovery wave since late October, bolstered by the formation of a bullish ‘Double Bottom‘ reversal pattern and overall market trends. Prices surged nearly 193% in the early hours to a high of $0.23, likely attributed to Astar Networks’ strategic expansion into the Korean Web3 market, in partnership with @Official_Upbit. If the price remains above the $0.116 neckline of the double-bottom pattern, this could signal further recovery and take the price up to the $0.2 psychological level. The 20-and-50-day EMA slope could also offer strong pullback support to the ASTR price.
Stacks Price Analysis: Triangle Pattern Sets a Rally Past $1.5
The Stacks Coin (STX) price has broken through the resistance trendline of a long-standing triangle pattern on December 4th, ending a 21-month consolidation phase and indicating a potential trend reversal. After briefly retesting the breached trendline, STX regained its upward trajectory, climbing 25.7% from $0.09 on December 13th to its current price of $1.98. Today’s 10% intraday surge is likely due to a spike in transactions on the Stacks network amid STX20 inscription minting. If the bullish momentum persists, the STX price could be targeting further gains at $1.3, $1.56, and $1.93, in line with the triangle pattern’s projected targets.
