Helium: Can HNT break $1.71 next as supply tightens? – Crypto News – Crypto News
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Helium: Can HNT break $1.71 next as supply tightens? Helium: Can HNT break $1.71 next as supply tightens?

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Helium: Can HNT break $1.71 next as supply tightens? – Crypto News

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5 days ago

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Helium [HNT] has posted a week of consistent gains. At press time, HNT surged 10% in the last 24 hours, pushing the price toward the next key resistance zone around $1.71.

Momentum is building, but the real question is whether it could be sustained.

Sending addresses drop

AMBCrypto’s analysis of the networks’ on-chain data indicates a significant reduction in sending addresses over the past 24 hours.

This suggests a reduced selling pressure as most investors choose to hold longer for further gains from an anticipated continuation rally. Usually, fewer sending addresses indicate that most investors are choosing to retain rather than distribute.

That behaviour aligns with Helium’s long-term conviction. When supply tightens during a rally and demand persists, prices are more likely to continue rising.

Helium number of sending addresses

Source: Glassnode

Revenue from Helium holders is making some gains

Helium’s revenues accumulated by long-term holders have steadily increased over recent weeks. This metric reflects growing network participation and broader distribution.

Historically, rising holder base revenues often strengthen price stability during pullbacks. It also supports structural bullish momentum as the holder may choose reinvest the earned revenue by taking more long positions.

HNT revenue

Source: Token Terminal

Trading volume is still recovering

Trading volume has recorded gains over the last two days. However, it remains relatively muted compared to the broader multi-week decline. For the rally to accelerate decisively beyond $1.71, sustained volume expansion will be necessary.

Without strong participation, resistance zones tend to reject price advances.

Helium trading volume

Source: Token Terminal

What’s next for Helium?

The immediate resistance at the $1.71 price level seems to be the next key target if the current bullish momentum is sustained in the short run.

On‑chain sentiment shows reduced selling and rising holder revenues despite limited trading volume gains. A full recovery may only be a matter of time. 

If volume strengthens while sending addresses remain low, Helium could break above $1.71 and extend its rally. Conversely, fading participation would likely lead to consolidation below resistance.

Final Summary

  • Helium surges by 10% as selling pressure declines and long-term holders strengthen their positions.
  • Price approaches the key $1.71 resistance — a breakout could extend the weekly bullish momentum.

 

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