Helium Mobile (MOBILE)

Helium Mobile provides cellular service through its decentralized wireless infrastructure. MOBILE is the governance token of the MOBILE subDAO which oversees the development of the network. MOBILE tokens are also rewarded to those contributing cellular service to the network.

1. Basic Info

2. Technical

2.1 Kline Price Chart

2.2 Technical Analysis

The analysis of the K-line daily chart indicates a significant downtrend reversal. From a high of 0.0018426 on December 7, 2024, the price has generally declined, marked by lower highs and lower lows, exhibiting bearish sentiment throughout December. The price experienced periods of consolidation with moderate volume, followed by further downward movement. Notably, the period from December 11 to December 17 witnessed substantial volatility with high trading volume, indicating strong selling pressure, but after Dec 17 it seems the selling power begin to weaken. The most recent data points from January 1, 2025, to January 5, 2025 show an attempt at a slight recovery but lack volume and consistent upward movement. The massive selling volume on 2024-12-07 and 2024-12-09 is far more than other days.The trend indicates a potential bearish consolidation phase currently.The initial downward momentum from December 7 to December 11 suggests a strong downtrend, but the subsequent fluctuation implies instability and lack of a clear direction, indicating an accumulation phase is possible before further downtrend. The lack of clear uptrend on January 2025, coupled with decreased volume, suggests potential continuation of the downtrend. There could be short-term bounces but the downtrend remains the dominant force unless significant volume supports a price increase and the downtrend is broken.The trading volume has decreased sharply in early January, further suggesting waning interest from both buyers and sellers, possibly indicating consolidation or preparation for a further move, likely downwards. The most recent days shows that buyers are not strong, despite the price being slightly up, and the sellers may become active again in the near future. The overall outlook is bearish, given the consistent series of lower highs and lower lows after the Dec 7 peak. The very low volume from 2025-01-05 indicates the uncertainty in market sentiments, a continued price decline is expected until a clear reversal pattern is formed. The lack of buying pressure could mean price would go down in coming days, there is lack of support for price to go up. The volatility is relatively high around Dec 11 to Dec 20 compared to other periods. The consolidation patterns indicate a need for the price to go down further before a potential rebound.The downtrend may find support after testing the low point again, and potential short term upwards movement could be a possibility only after prices are stabilized at a lower range. The market is uncertain and bearish at the moment, with limited indication for significant uptrend, the current trend is more bearish than bullish.