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Helium (HNT) Price Rally Fueled by Network Expansion and Large Holder Accumulation
Helium (HNT) has impressively surged 14% in the last 24 hours, driven by a blend of rising network activity and renewed investor enthusiasm. The decentralized wireless network is showing fresh signs of adoption and bullish momentum, capturing the attention of traders and crypto enthusiasts alike.
Hotspot Usage Sparks Fresh Adoption Momentum
A key catalyst behind Helium’s rally is the increasing hotspot usage, reflecting stronger real-world traction across various regions. According to the Helium team, one hotspot served over 900 users daily and earned more than 900 HNT in the last month — a clear indicator of growing ecosystem demand and utility.
Technical Breakout Fuels Bullish Sentiment
On the charts, HNT broke out from a pennant consolidation pattern, pushing past its crucial 50-day and 100-day Exponential Moving Averages (EMAs). This breakout signals a decisive short-term shift in control toward buyers. If the momentum sustains, HNT could retest resistance levels near $2.92, with potential upside targets between $3.10 and $3.20.
Analysts are, however, cautious about potential profit-taking or exhaustion around these levels. The overall trend remains bullish, with technical indicators suggesting a possible push toward $3.80 if demand continues to build.
Whale Activity and Futures Data Confirm Bullish Control
On-chain data from CryptoQuant reveals a notable rise in whale accumulation, as large holders increase their long positions at current price levels. This behavior historically precedes sustained upward moves, especially when combined with growing spot market demand.
Further confirming the bullish case is the Futures Taker Cumulative Volume Delta (CVD), which shows buy-side dominance. A positive CVD signals that taker-buy orders are outpacing sells, underscoring strong long-side positioning among futures traders.
Bulls Eye Continued Momentum Amid Volatility Risks
While the overall momentum favors buyers, traders are advised to watch for potential short-term volatility. Rapid spikes in Open Interest or sharp price pullbacks could trigger temporary corrections before Helium resumes its upward trajectory.
In summary, Helium’s rally is powered by a combination of real-world network growth, technical breakout, and whale-driven buying, pointing to an exciting phase ahead for HNT as it seeks higher ground.
