Helium Hovering Near Key Resistance as Bulls Eye a Breakout After 19% Rally

• Helium (HNT) rallied over 19%, trading at $4.26.
• HNT’s daily trading volume has surged by 275%.

The crypto market’s back-to-back recovery attempts have resulted in a modest spike of 2.65%, holding the market cap at around $2.94 trillion. Can the bulls hold strong and drive prices back to their recent highs?

The brief uptick has triggered the assets to jump high; SUI, FLOKI, and WIF lead the 24-hour gainers list, exploding by over 18%. Helium is also a gainer among them, rallying by over 19.18%. 

In the early hours, the asset traded at the bottom range of $3.58. Helium’s daily high was hit at around $4.27 as the bulls took control. At press time, the asset traded within the $4.26 range, with its daily trading volume having exploded by over 275%, reaching $35.99 million. 

Helium has registered a solid gain of over 22.44% in the last seven days. The asset opened the week trading at $3.50, and slipped to the weekly low of $3.32. The gradual bullish wave has initiated a positive price action, which has reached the current trading range.

Can HNT Hold Its Gains and Push Higher?

The uptrend of Helium on the price graph looms after a potential downtrend. The green candle blew out the red candles, entering bullish territory. The active bulls might send the price to $4.34. Further upside correction will wake the golden cross and push HNT to the $5 threshold.

Assuming the arrival of bears, the price chart turns red, signalling a negative sentiment. The asset could slip to the immediate $4.18 support. An extended loss might drive down the Helium price toward the $4 level or even lower, triggering the death cross. 

The MACD line of HNT is positioned above the signal line, indicating a sturdy bullish momentum with the potential of further upside correction. Besides, the CMF indicator at 0.05 suggests moderate inflows and buying pressure within the market. 

Moreover, Helium’s RSI is found at 73.14, implying that the asset is in overbought territory, which could also signal a potential pullback or correction. The BBP value of 0.679 hints that the bulls are dominant, supporting the continued uptrend. 

The Helium trading window exhibits a recovery from the prolonged bearish phase. The recent bounce occurred after a series of resistance tests. Notably, the Helium (HNT) Price Prediction 2025, 2026-2030 gives a more detailed analysis of the asset’s price trajectory.

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