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Helium (HNT) is back on traders’ radars after surging over 10% in the past 24 hours. With daily trading volume more than doubling, the question on everyone’s mind is: is this the breakout bulls have been waiting for, or just another head fake?
Helium Price Still Struggling Below Resistance
Despite the recent pump, Helium’s price action still looks constrained under a stubborn descending trendline that’s been in play since November 2024. After peaking above $12, HNT plummeted below $2 by March 2025. A sharp rally in early April pushed the price from $2.30 to $4.50, only to see yet another rejection at the trendline. Currently trading around $3.56, HNT remains trapped below this critical resistance zone.
Until bulls can push the price cleanly above the $4.50 level, the overall bearish structure remains intact, leaving the door open for more downside moves.
Triple Bottom and Higher Lows Hint at Recovery
That said, there are glimmers of bullish hope on the chart. HNT has formed a triple bottom around the $2.20–$2.30 level, bouncing from that zone three times since July. This pattern often signals a potential reversal.
Adding to the optimism, Helium is now forming higher lows — a classic sign of upward momentum building beneath the surface. If the price holds above $3.30 and breaks decisively above $4.50, traders could eye a run toward $5.50, and potentially $7.00.
Source: TradingView.com
Should You Invest $1,000 in Helium Now?
The technicals show improving structure, but the breakout hasn’t been confirmed yet. Without a strong close above $4.50 supported by heavy volume, the trend remains neutral to bearish.
Also Read: Helium (HNT) Price Outlook: Bearish Pressure Persists, But Is a Rebound on the Horizon?
Investing $1,000 in HNT right now carries both upside potential and downside risk. Holding above $3.30 would keep the bullish scenario alive, but a drop below $2.80 could invalidate the setup.
Bottom line: Helium is showing signs of life, but caution is warranted. This may be the calm before a breakout — or another shakeout.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
