Helium Surges 10% — Can HNT Smash the $1.71 Barrier Next?

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• Reduced selling pressure suggests investors expect further upside.
  
• Rising holder revenue signals strengthening network participation.
  
• A volume surge will likely decide whether HNT breaks resistance.

Helium token HNT has logged a week of steady gains, with price momentum accelerating over the past 24 hours. The token jumped roughly 10%, approaching a key resistance zone near $1.71. While short-term sentiment is clearly improving, whether the rally can extend will depend on participation levels and continued supply tightening.

Selling Pressure Falls as Holders Stay Put

On-chain data shows a notable drop in sending addresses, a signal often linked to reduced selling activity. When fewer wallets move tokens to exchanges or other addresses, it typically suggests investors are holding in anticipation of further upside.

This pattern aligns with a classic bullish structure: tightening supply during a rising market. If demand remains steady while fewer tokens circulate, upward price pressure tends to follow. Data tracked by Glassnode reinforces the idea that investors are showing patience rather than taking profits early in the move.

Holder Revenue Growth Signals Stronger Network Engagement

Another constructive signal comes from increasing revenue generated by long-term holders. Rising returns often reflect stronger network activity and broader token distribution, both of which support price stability.

Historically, improving holder income tends to cushion corrections, as participants often reinvest earnings or maintain positions rather than exit the market. Metrics compiled by Token Terminal suggest that Helium’s underlying participation trends are strengthening even as the market tests resistance levels.

Volume Remains the Missing Piece

Despite encouraging on-chain signals, trading activity remains subdued compared to earlier multi-week declines. Volume has improved slightly over the last two days, but it has yet to confirm a full recovery.

For HNT to break decisively above $1.71, broader market participation will likely be required. Resistance zones often hold firm when momentum lacks volume support, meaning the next move could depend heavily on whether traders step in.

Also Read: Helium (HNT) Price Jumps 10% — Is Now the Right Time to Buy?

If trading volume rises while selling activity remains muted, Helium could push through resistance and extend its rally. However, if participation fades, the token may instead consolidate below the current ceiling.

For now, Helium’s on-chain structure leans cautiously bullish. The coming sessions will determine whether the project’s improving fundamentals translate into a sustained market breakout.

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.