Helium (HNT) Splits From Bitcoin (BTC), Next Price Target Is $8

The price of the Helium (HNT) token has increased significantly over the past few days while the rest of the market is still trying to recover.

The price of Helium (CRYPTO: HNT) has increased sharply in recent days while the rest of the crypto market is still trying to recover from recent losses.

The price of Helium (CRYPTO:HNT) has surged in recent days while the rest of the crypto market is still trying to recover from recent losses.

What happened? Over the past 24 hours, HNT price has increased by more than 6% and is currently trading at $6.47. This growth comes after HNT plummeted in early August, leading to a decoupling from the Bitcoin (CRYPTO: BTC) uptrend.

What happened? Over the past 24 hours, HNT price has increased by more than 6% and is currently trading at $6.47. This growth comes after HNT plummeted in early August, leading to a decoupling from the Bitcoin (CRYPTO:BTC) uptrend.

According to Santiment data, HNT's correlation with BTC has dropped to 0.05 in recent weeks, showing a significant shift away from the leading cryptocurrency's price volatility.

According to Santiment data, HNT's correlation with BTC has dropped to 0.05 in recent weeks, showing a significant shift away from the leading cryptocurrency's price volatility.

This is important because BTC has been experiencing bearish conditions in recent days, while HNT may still be bullish due to this weaker correlation.

This is important because BTC has been Experiencing bearish conditions in recent days, while HNT may still be bullish due to this weaker correlation.

Typically, tokens with a high correlation to BTC will tend to move in the upward or downward direction of this cryptocurrency, depending on whether the trend is bullish or bearish.

Typically, tokens that are highly correlated with BTC will tend to move in the direction of the cryptocurrency up or down, depending on whether the trend is bullish or bearish.

However, certain tokens may diverge from this trend, especially under certain market conditions.

However, certain tokens may diverge from this trend, especially under certain market conditions .

Today's HNT price, the interest of retail investors has increased sharply. Why can HNT continue to increase? HNT's price increase may be sustained by increased interest from retail investors, as shown by a significant increase in Open Interest ratio.

HNT price today, the interest of retail investors has increased suddenly. Why can HNT continue to increase? HNT's price increase is likely to be sustained by increased interest from retail investors, demonstrated by a significant increase in the Open Interest ratio.

Over the past week, HNT's Open Interest rate increased from 22.6 million USD to 59.5 million USD.

Over the past week, HNT's Open Interest rate increased from 22.6 million USD to 59.5 million USD.

This ratio indicates investor participation in crypto derivatives contracts, with higher ratios typically indicating increased participation and confidence in price trends.

This ratio indicates investor participation in cryptocurrency derivatives contracts, with higher ratios typically indicating increased participation and confidence in price trends.

If this upward momentum continues, HNT's uptrend could extend further in the coming days.

If this upward momentum continues, HNT's uptrend could extend further in the coming days.

What's next? Helium's price benefits from decoupling from Bitcoin's price movements could be seen in a further bull run.

What's next? Helium's price benefits from decoupling from Bitcoin's price movements could be seen in a further bull run.

Currently, HNT is trying to maintain support at $6.33, which could pave the way for another rally.

Currently, HNT is trying to maintain support at $6.33, which could pave the way for another rally.

Regarding Helium's past price performance, HNT may face stabilization after the price increase.

Regarding Helium's past price performance, HNT may face stabilization after the price increase.

This is because the $8 level is a key hurdle that will require stronger bullish momentum to overcome.

This is because the $8 level is a key hurdle that will require stronger bullish momentum to overcome.

However, the price could be affected if HNT holders move to take profits and sell their investments.

However, the price could be affected if HNT holders move to take profits and sell their investments.

As a result, HNT could lose support at $6.33, taking it down to the psychological support of $5 and invalidating the bullish thesis.

As a result, HNT could lose support at $6.33, taking it down to the psychological support of $5 and invalidating the bullish thesis.

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