Helium Drops 24% but Holds Bullish Structure
Key Takeaways
- Helium (HNT) dropped by 24% from a local high of USD 4.50 to USD 3.40.
- The broader market structure remains bullish despite the decline.
- Key support zones are located at USD 3.00 and USD 2.25.
- A sustained breakout above USD 3.70 depends on increased buying pressure.
- A drop in Bitcoin’s price below USD 83,000 could put additional pressure on HNT.
Helium: Pullback After Strong Rally
After a strong rally to USD 4.50, Helium (HNT) has lost about 24% of its value in recent days, falling back to USD 3.40. Despite the decline, the technical structure on the daily chart remains bullish. The breakout above the previous intermediate high of USD 3.40 on April 12 ended the downtrend that had persisted since late January.
Technical Analysis: Support and Resistance
The next significant support zones are at USD 3.00 and USD 2.25. If selling pressure increases, these areas could be retested. On the upside, the zone around USD 3.70 currently acts as resistance. This is where a so-called “bearish breaker block” is located — a zone where selling pressure previously built up.
Indicators Show Decreasing Momentum
The Relative Strength Index (RSI) on the 4-hour chart signals weakening upward momentum. The On-Balance Volume (OBV), an indicator of the ratio between buying and selling volume, has also failed to surpass its February highs. This suggests weakening demand. However, if OBV increases in the coming days, it could indicate the start of a new upward movement.
Bitcoin as a Risk Factor
Helium’s performance is also strongly tied to the overall market environment. A potential drop in Bitcoin’s price below USD 83,000 could trigger panic selling across the crypto market. In that case, HNT could fall back to the USD 2.75 to USD 3.00 range. Traders should therefore monitor not only HNT but also BTC closely.
What Does This Mean for You?
If you’re invested in HNT or considering entering the market, keep an eye on the price zone around USD 3.70. A breakout above this level accompanied by rising OBV could be a bullish signal. However, if the price drops below USD 3.00, caution is advised. In a weak overall market, further losses could follow.
Our Assessment
Helium continues to show a stable market structure despite the recent pullback. In the short term, however, the price is vulnerable to external factors, particularly Bitcoin. Technical indicators like OBV and RSI suggest a wait-and-see approach among market participants. A breakout above USD 3.70 could attract new buyers. Until then, the outlook remains neutral to slightly bearish. Those trading HNT should wait for clear signals and apply proper risk management.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 3 minutes
-
Guides
Reading time: ~ 3 minutes
-
Danneskjold Ventures B.V. Casinos
Reading time: ~ 3 minutes
-
Monster Slots: Best Monster-Themed Slot Games
Reading time: ~ 3 minutes
-
The Best Jackpot Slots & Casinos 2025
Reading time: ~ 3 minutes
Sources
- TradingView
- HNT/USDT Chart Analysis
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 30 days to claim |
| 14 days to wager / 7 days for free spins |
- There is no maximum bonus amount.
- 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
| Wagering requirements | 40x bonus |
| 40x free spins winnings | |
| Minimum deposit | 0.0005 BTC |
| Maximum bet | 0.00004 BTC |
| Bonus validity | 30 days after registration |
| 14 days (1st), 7 days (2nd), 1 day (3rd) |
- To get the bonus, enter the bonus code before the deposit.
- Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
- Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
- Free spins are provided in batches of 25 per day.
- Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
| 1st deposit | 120% up to $500 + 100 Free Spins |
| 2nd deposit | 100% up to $300 + 100 Free Spins |
| 3rd deposit | 150% up to $500 + 100 Free Spins |
| 4th deposit | 100% up to $300 + 100 Free Spins |
| Wagering requirements | 45x deposit + bonus |
| 40x free spins winnings | |
| Minimum deposit | $10 (1st) |
| $15 (2nd-4th) | |
| Maximum bet | $5 per round |
| Bonus validity | 30 days to claim, 7 days (1st-4th) |
| 7 days for free spins |
- You must complete the registration and verification process, including a valid email or phone number, to qualify for this bonus.
- You must select the desired bonus during the deposit process.
- There is a maximum withdrawal limit of $10 from winnings derived from free spins.
Advertising transparency