Helium's digital currency price increased by 22.38%, driven by factors such as new listings on Coinbase and network enhancements.
New Listings on Coinbase
Helium, along with two other Solana-based tokens, $PENGU and $POPCAT, will be listed on Coinbase perpetual starting February 13, 2025. This critical development enhances liquidity and draws increased attention from institutional and retail traders.
Helium Network Improvements
Price momentum for Helium is also driven by recent network improvements, including the resolution of hotspot payout issues, which boosted user and investor confidence.
Technical Analysis of Helium
The recent price action for HNT shows a breakout from a downward-sloping channel, with trading at around $4.14. The RSI is neutral at 57.08, indicating balanced market momentum.
Helium's price increase is a result of combined effects from listings, technological improvements, and favorable technical indicators, suggesting positive short-term prospects.
