• HNT rose 9.53%, reaching $3.81 with a $675.87M market cap.
• Key resistance at $3.80, with a breakout targeting $4.20; support at $3.60.

Helium (HNT) saw a strong price surge of 9.53% in the past 24 hours, reaching $3.81. The market cap increased to $675.87 million, reflecting a 9.52% rise. However, trading volume declined 23.24% to $5.76 million, suggesting mixed sentiment among traders. 

The fully diluted valuation (FDV) of HNT stands at $849.56 million, with a circulating supply of 177.39 million HNT. The global crypto market cap is $3.2T, a 1.04% increase over the last day. However, the total crypto market volume dropped 48.60% to $70.65 billion, indicating lower overall trading activity.

Bullish Indicators For HNT

HNT’s price is currently testing resistance at $3.80. If the price breaks above this level, it could target $4.20, a key resistance zone. A successful breakout may push the price even higher. Conversely, if HNT fails to sustain this level, support is visible at $3.60. A further breakdown could send the price to $3.40, making it a crucial level to watch.

The Relative Strength Index (RSI) stands at 58.58, nearing the overbought zone. This suggests increasing bullish momentum but also signals a potential correction if buying pressure weakens. The RSI average, currently at 50.18, reflects neutral market conditions but leans toward a bullish trend. If RSI crosses 60, it may indicate stronger buying interest.

The Chaikin Money Flow (CMF) is at -0.20, pointing to weak capital inflows. A negative CMF indicates that selling pressure is still present despite the price increase. A shift above 0 would confirm stronger buyer control.

The 50-day moving average acts as a dynamic support. If HNT maintains above this level, upward momentum could persist. The 200-day moving average, a long-term trend indicator, remains a key level to monitor. A bullish crossover between these two moving averages could further support price gains.

Helium (HNT) is at a decisive point. If it breaks above $3.80, the next target is $4.20. A failure to sustain this level could lead to a drop toward $3.60 or lower. The RSI and moving averages show bullish potential, but a weak CMF suggests cautious optimism.

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