Helium (HNT) token sees an impressive 14% surge, reigniting excitement in the crypto markets. Bulls eye a clear target of breaking the $3.20 psychological barrier amidst macroeconomic uncertainties in the digital assets sector.
Helium network’s on-chain metrics confirm a massive return of demand. The daily trading volume has climbed significantly over the past 48 hours, while sentiment indicators show sustained accumulation. The data reveals dominant buying pressure that could propel HNT toward new highs in the short term.
Helium’s unique architecture, which offers a decentralized IoT and 5G connectivity network, is attracting a new wave of institutional investors. This blockchain infrastructure allows users to deploy physical hotspots in exchange for HNT rewards. The project’s economic model is gaining maturity, which is directly reflected in the current price action.
Support levels have consolidated around $2.80, forming a solid base for the continuation of this bullish movement. Traders are closely monitoring the $3.20 resistance zone, a key level that hasn’t been tested for several weeks.
From a technical perspective, Helium is displaying encouraging signals. The RSI maintains a healthy zone around 62, indicating positive momentum without market overheating. The 50 and 200-day exponential moving averages formed a golden cross a few sessions ago, a historically bullish pattern.
The volume profile shows a concentration of interest around the current level, with little resistance before the $3.20 zone. This technical configuration suggests that a breakout is possible if buying pressure maintains. Altcoins typically follow Bitcoin in its movements, and BTC’s recent rally above certain key levels creates a favorable environment for tokens like HNT.
Professional traders also point to increasing long positions on derivatives platforms. The funding rate remains slightly positive but not excessive, indicating measured optimism without dangerous euphoria.
Helium (HNT) is currently trading around $2.65. With a massive return of demand and strengthening technical signals, HNT could soar! Don’t miss this unique investment opportunity.
Here’s a buying guide on Bitget:
Despite this impressive performance, a systemic risk weighs on the entire crypto market. Geopolitical tensions and regulatory uncertainty in the United States create unpredictable volatility that could sharply reverse the trend. The correlation between cryptocurrencies and traditional markets remains high, exposing the sector to macroeconomic shocks.
Savvy investors keep an eye on central banks’ monetary policy decisions. An unexpected tightening could trigger a massive liquidation of risky assets, including cryptos. Liquidity also remains a concern, especially for altcoins like Helium that can experience amplified price movements during market stress periods.
The $2.50 level represents a critical support to watch. A breakdown below this threshold would invalidate the bullish scenario and could lead to a correction toward $2.20.
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