Helium coin spikes above key averages, but RSI signals caution

Helium (HNT) has been on a remarkable run over the past week. The token surged by more than 82% over the past seven days, reaching around $1.50. This sharp climb has put HNT well above both its 7-day and 30-day simple moving averages, signalling a strong short-term uptrend. HNT price chart | Source: TradingView While the momentum is undeniable, the rally has pushed the seven-day RSI to over 72, highlighting extreme overbought conditions. Such readings suggest that while traders continue to buy into strength, the market may be vulnerable to a short-term cooldown. Why is the price of Helium coin rallying? Part of HNT’s surge can be traced to the broader crypto market environment. Capital has been rotating into altcoins…