• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Key Level for Helium: Is a Breakout Possible?

Key Level for Helium: Is a Breakout Possible?

user avatar

by Giorgi Kostiuk

4 months ago


The cryptocurrency market remains volatile, and Helium (HNT) is back in the spotlight as analysts monitor the testing of a key price resistance level. The $9-$10 range could play a crucial role in the token's price future.

Helium Technical Analysis

According to analyst Austin Barack, the HNT price chart shows a clear upward trajectory following a mid-2024 recovery, with consistently higher lows and highs. The $9-$10 range acts as a major resistance level where the price is currently consolidating. Past attempts to break this zone resulted in sell-offs, highlighting its significance for traders. Support zones are evident around $5-$6, where the price consolidated before a recent rally, and around $7, where briefly upward momentum paused. The recent crossing above the 200-day simple moving average suggests growing momentum, which could support a breakout.

A breakout above this level could open new price potential, supported by strong network growth and usage data. Austin Barack

Helium's Fundamental Growth

Austin Barack highlights that Helium has achieved significant milestones by serving over 286,000 daily subscribers for major wireless carriers. Despite the fact that HNT's current market value is about a third of what it was at its peak, the network has grown substantially since 2021 with about ten times more users. This enhances its market strength. Helium's focus on DePIN underlines the network's expanding utility, aligning with increased investor interest in projects that combine tangible infrastructure with blockchain technology.

Potential Scenarios for HNT Price Movement

Should Helium break the $10 resistance, analysts foresee a swift move toward the $11-$12 range, given the lack of significant overhead resistance. However, failure to breach this level could lead to a retest of the $7-$8 support range. In the coming days, traders will be watching volumes, momentum, and overall market sentiment for directional confirmation.

With strong fundamentals and increasing investor interest, Helium (HNT) remains a token to watch. Success in overcoming critical technical levels could define its future price trajectory.

0

Share

Other news

Bitcoin's Rise Above $95,000 Sparks Optimism in Crypto Community

Santiment's analysis highlights rising optimism for Bitcoin, while cautioning about potential corrections over the weekend.

user avatarGiorgi Kostiuk

7 minutes ago

Blockchain Could Create Over 1.5 Million Jobs by 2030, Rivaling AI

Blockchain holds the potential to create over 1.5 million jobs by 2030, drawing attention to the need for regulation and funding.

user avatarGiorgi Kostiuk

9 minutes ago

Shiba Inu Price Prediction of 17X: Analyst's Insight

Analyst suggests a 17X rise for Shiba Inu, with no official confirmation from project leaders yet.

user avatarGiorgi Kostiuk

25 minutes ago

The Rise of Cybercrime in Southeast Asia and the Role of Cryptocurrency

According to the UN, cybercrime syndicates in Southeast Asia are using cryptocurrency to expand their fraud schemes.

user avatarGiorgi Kostiuk

25 minutes ago

Paul Atkins Actively Addresses Crypto ETF Applications

Paul Atkins, SEC Chairman, is reviewing over 60 crypto ETF applications, potentially changing the market landscape.

user avatarGiorgi Kostiuk

28 minutes ago

DDC Announces $1 Billion Public Offering to Support Solana

DeFi Development Corp. is set to invest $1 billion in Solana, potentially boosting its market value.

user avatarGiorgi Kostiuk

28 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.