HNT decreases 36 % of July peak – will Hillium be able to spark the spark? star-news.press/wp

The Helium’s HNT code has lost 36 % of its value since it reached $ 4.03 in mid -July, when it was traded at $ 2.95 before the third half.

The decrease extended by 12 % over the past 24 hours and about 20 % during the past week. At its current level, Hilium (HNT) is 94 % less than its highest level ever at $ 54.88 in November 2021.

The trading volume increased, with $ 14.7 million in the past 24 hours, an increase of 31.2 %, indicating an increase in activity. Derivatives Data From Coinglass shows a 15.8 % increase in size to $ 6.37 million, although the open interest rate decreased by 12 % to $ 5.96 million. This indicates that some long situations have been closed or filtered.

Half reduces HNT emissions, but the bonus dynamics shifts

The latest half, which is scheduled to play today, August 1, is part of the long term supply strategy. like specific In the HP-20 for the network, helium reduces the daily symbol emissions by 50 % every two years.

As a result, the new HNT amount issued every year will decrease from 15 million to 7.5 million, or more than 20500 HNT per day. Although this shift affects the incentives of miners, it also enhances the contraction model that aims to achieve a long -term economic balance.

The rewards will be affected by the ecosystem in half in different ways. The profits are reduced from the proof of adherence immediately, but the rewards are not affected to transfer the data, which are offered according to the actual use.

Despite the sharp decrease in the rewards of passive owners, this distinction may help support the active hot points operators who contribute to mobile data flows and the Internet of Things.

More importantly, the event is also associated with the structure of helium governance, where the reckless and delegate plays a major role. To stay eligible for network rewards, holders of Vehnt closed HNT to get the governance authority to shift by August 1.

This includes the appointment of agents to vote on their behalf if they are inactive, with an increasing focus on directing how emissions between the mobile networks of Hellium and the Internet of Things.

Technical analysis of shellium

The price procedure is still weak despite the importance of half in the long run. Technical indicators in the short term indicate a downward look. In 43, the relative strength index remains neutral but in the decline. Both momentum and MACD have decreased selling signals, while RAM decreased less than 6, indicating potential excessive sale conditions.

Moving averages draws a more landmark. HNT is trading less than EMAS for 10 days to 200 days, with a simple moving average for only 50 days. ADX at 35 points to the strength of the direction but there is no reflection yet, and the wonderful oscillator is still positive but flat.

Short -term bounce is still possible if the price remains higher than the decisive support level of about $ 2.85 and there is a Stronh purchase volume. However, the half may not be sufficient to enhance long -term recovery unless feelings improve or increase the metrics of use.