Helium (HNT) Market Update

• Current Price: $3.35, with strong support at $3.00.
• Short-term Prediction: Analysts suggest HNT could reach $4.00 – $4.50 soon, with positive long-term views for 2025.

Helium (HNT) is rising as the overall crypto market gains momentum. Currently priced at $3.27, it has seen a 7.1% increase over the past 24 hours, fluctuating between $3.02 and $3.40. With a market capitalization nearing $603 million, Helium ranks among the top 130 cryptocurrencies.

Trading activity remains consistent, recording a daily volume of $7.4 million. Despite some previous consolidations, Helium’s long-term fundamentals appear robust, influenced by its role in decentralized wireless infrastructure.

HNT Chart Signals a Breakout

Helium (HNT) is nearing key resistance levels, hinting at a potential breakout. The $3.00 mark has shown strong support against recent declines. The next resistance levels for buyers are $3.50 and $4.00.

Helium’s 50-day moving average is at $3.16, which falls below the current price, indicating a short-term bullish outlook. Meanwhile, the 200-day moving average at $3.01 suggests resilience and sustainability. Nonetheless, Helium needs stronger momentum to maintain a long-term rally.

The Relative Strength Index (RSI) is at 54, indicating moderate buying pressure with a chance for increased purchases. Should the RSI exceed 60, the momentum could shift favorably for investors.

A close above $3.50 may initiate movement towards the $4.00-$4.50 range, while a drop below $3.00 could lead to a decline to $2.50-$2.80.

Helium’s Expanding Use Case Fuels Confidence

The Helium ecosystem is building a decentralized wireless network, competing with traditional telecom companies. Helium’s use cases are deemed valuable and sustainable. Users can earn HNT tokens by providing network coverage through its hotspot model, enhancing access to affordable, scalable internet services.

Demand for smart city solutions and IoT connectivity is increasing, further enhancing Helium’s utility. The network is expanding with integrations like Helium Mobile and its transition to Solana’s blockchain, potentially boosting adoption and long-term investment viability for HNT.

What’s Next for HNT?

If momentum persists, Helium may test $4.50 – $5.00 in the near future. Maintaining price above $3.50 will be crucial for sustaining this uptrend. For long-term investors, the outlook is optimistic. Given ongoing network adoption and partnerships, forecasts suggest HNT could reach $7.00 – $8.50 within a year and exceed $14 by 2025.

With its innovative wireless network model and growing adoption, HNT remains a cryptocurrency to watch for 2025.