Helium Soars 16%—But This Critical Resistance Line Threatens the Rally

Helium’s HNT token just blasted past resistance with a 16% surge—until traders spotted the looming sell wall at $8.40. The decentralized wireless network’s token now faces a make-or-break moment as it tests a multi-month trendline that’s crushed rallies before.

Key levels to watch: A clean break above $8.40 could trigger FOMO buys, while rejection here might send bagholders scrambling. Meanwhile, Wall Street’s still trying to figure out if ’decentralized hotspots’ are a crypto innovation or just another tax write-off.

HNT price prediction

Helium crossed above $4.00, which transformed market structure dynamics during short-term periods, with price at an essential test point at $4.40.

A successful flip of $4.40 from resistance to support might trigger additional price increases that could target beyond $5. 

The MACD data where the MACD line was at 0.130 rising above the signal line at 0.096, and the histogram displayed green at 0.033 indicated upward pressure remained strong.

Source: TradingView

However, falling below $4.00 could hint at a deviation from the current trend. A pullback toward $3.80–$3.60 would then be likely.

Further downside could drag HNT to the $3.25 support zone, revisiting the 20th of April price levels.

Naturally, the $4.00 and $4.40 levels drew heightened interest from traders, as future bullish trends largely hinged on these zones.

Why are liquidation zones key for the next move?

On top of that, analysis suggested a heavy short squeeze powered the rally toward $4.23, as Liquidations piled up NEAR $4.20 on Bybit’s HNT/USDT chart.

The grouping of short-term positions indicated that bear traders had been taken. However, short positions kept emerging above $4.20, which suggested future price obstacles could appear or fuel more uptrend if liquidated.

Long positions also accumulated actively, amounting to around 17.76K at $3.693. This price zone could naturally generate strong demand, pulling prices upward.

Source: Coinglass

HNT might advance toward $4.60 if the price manages to break through $4.40 due to its tendency to seek out liquidity pockets, which could produce more short liquidations.

A failure of the $4.20 price support could result in an eventual price dip toward the support zone at $3.60–$3.70 as long position holders wait.

HNT volatility could likely stay high until it completes its decision regarding its upcoming direction.

Blockchain meets Telecom

Beyond the price charts, Helium’s decentralized network showcased real-world utility through partnerships with AT&T and Telefónica.

This way, Helium blockchain proved applicable in telecommunications through its implementation that served 800K users per day.

The integration with carriers AT&T and Telefónica proved that major telecom companies embraced this technology.

The price of HNT could rise as network usage grows, but market volatility could affect Helium’s token value.

The alliance showed that blockchain technology was ready for business, as it offered productive decentralized connectivity that saved costs and expanded capabilities.