Helium Faces Price Challenges Amid Market Fluctuations
![Helium Faces Price Challenges Amid Market Fluctuations cover](https://cdn.depinscan.io/posts/cover/1001680.png)
Helium (HNT) has been experiencing significant price fluctuations, recently needing to close above $4.24 to establish a bullish market structure. After a steep decline of 68.5% from its December resistance level of $9.54, Helium retested the psychological support level of $3 last week. This drastic drop in price over just two months indicates a challenging market environment, with the $3.3 zone now emerging as the next bearish target due to a lack of strong buying momentum and a persistent downtrend since December.
Despite a recent bounce to $4.18, Helium has yet to break its downtrend, although there are signs of weakening bearish momentum. A notable bullish divergence occurred in early February, where the price made lower lows while the Relative Strength Index (RSI) recorded higher lows. This divergence led to a bounce from the $3 support level, resulting in a 28.5% price increase within a week. However, this rally was not supported by strong buying volume, as indicated by the Accumulation/Distribution (A/D) indicator, which has been on a downtrend since mid-December.
The market has shown a large liquidity cluster around the $3.6 mark, which was tested recently, resulting in a quick price jump to $4.19. Following this spike, volatility has decreased, and HNT has consolidated below the $4 level. Traders should prepare for a potential range formation between $3.3 and $4.2-$4.5 in the coming days, with the $3.6 zone likely acting as a barrier to further bearish movements. Overall, the market remains cautious as it navigates these price levels.
Related News
![Hivello Launches $HVLO Token on Raydium, Expanding Decentralized Opportunities cover](https://cdn.depinscan.io/posts/cover/1001684.png)
![Beamable to Showcase Innovations at ETHDenver 2025 cover](https://cdn.depinscan.io/posts/cover/1001683.png)
![Helium (HNT) Price Analysis: Will a Bullish Reversal Occur? cover](https://cdn.depinscan.io/posts/cover/1001675.png)
![FXGuys: A Rising Star in the DeFi Landscape cover](https://cdn.depinscan.io/posts/cover/1001668.png)
![Bitcoin Surges Above $97k as Remittix Presale Hits $11 Million cover](https://cdn.depinscan.io/posts/cover/1001664.png)
![Roam Launches Pilot 'Burning' Pool Event for $ROAM Token Conversion cover](https://cdn.depinscan.io/posts/cover/1001663.png)