Key Takeaways
Helium’s (HNT) price fell by 80% in four months since December 2024. While the decline caused a breakdown from a long-term support level, a strong bounce since April 2025 has reignited optimism that the bull market is not over.
After a 100% rally since the lows, HNT is nearing the end of a consolidation pattern, a breakout above which could cause the price to double again.
Since the HNT price has shown strength today, defying a correction in the crypto market, let’s analyze the charts and see how likely this is.
The weekly time frame analysis shows that HNT’s price fell twice below the $3.20 area in 2025.
The $3.20 area is essential to Helium’s bullish trend since the breakout above it accelerated the upward movement in late 2023.
After a correction, the price bounced above the area in July 2024 and reached a high of $10 in December 2025.
So, the decline below it worried bulls since it indicated the bear market had started.
However, the HNT price has regained its footing and closed above the $3.20 area, reclaiming it as support.
Technical indicators support the trend reversal. The Relative Strength Index (RSI) has reached 50 from below (black circle) while the Moving Average Convergence/Divergence (MACD) made a bullish cross (green icon).
Furthermore, the wave count is positive, showing a completed A-B-C correction where waves A and C have the same length.
The six-hour time frame chart shows that HNT has traded inside a symmetrical triangle since the reclaim.
The symmetrical triangle is a neutral pattern that can lead to both breakouts and breakdowns.
Nevertheless, the HNT price is nearing the end of the pattern, so a decisive movement is likely to happen soon.
The RSI and MACD are both neutral, so they do not confirm whether this move will be a breakout or breakdown.
While the wave count leans bullish, predicting a rally toward $5.90, this is insufficient to confirm the breakout.
If the HNT price closes below the triangle’s support trend line, it could revisit $3.20.
Helium’s price prevented a breakdown from the $3.20 area in April, bouncing and reclaiming it as support.
While the reclaim confirms a positive long-term trend, the short-term analysis is unclear and fails to determine the HNT price movement.
A breakout from the short-term symmetrical triangle could lead to highs near $5.90, while a breakdown could trigger a decline to $3.20.