Helium has become one of the standout performers in the crypto market over the past day. Its price climbed 23.63%, and trading volume jumped by 334%. At writing, HNT price sits at $3.65. The move comes after a major legal update from the U.S. Securities and Exchange Commission (SEC) and a strong technical breakout that’s drawing attention from traders and investors alike.
Crypto experts Crypto Miners shared on X that the SEC has officially dropped its lawsuit against Nova Labs, the team behind Helium. More importantly, the agency confirmed that Helium’s $HNT, $MOBILE, and $IOT tokens are not considered securities. The case was dismissed with prejudice, which means it can’t be brought back. This also confirms that Helium Hotspots are not securities and that the project’s token distribution is fully compliant with existing regulations.
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SEC Drops Case Against Helium!
SEC has officially dropped its lawsuit against Nova Labs, the team behind @Helium, stating that $HNT, $MOBILE, and $IOT tokens are not securities.
This dismissal with prejudice confirms that:
— Crypto Miners (@CryptoMiners_Co) April 12, 2025
– Helium Hotspots are not securities
– Token…
With this regulatory issue now out of the way, one of the biggest uncertainties around Helium is gone. That opens the door for the project to move forward without legal concerns holding it back. It also makes the environment more favorable for institutional investment and long-term growth as Helium continues building its decentralized wireless infrastructure.
Helium Technical Breakout Confirms Bullish Trend
Chart data shows that HNT price formed a double bottom pattern on the 4-hour timeframe, a structure often associated with trend reversals. The neckline of the pattern stood near $2.85–$2.90, which acted as resistance before the price broke above it with strong bullish candles. Following the breakout, the price surged to a local high of $4.20 before consolidating around $3.65.
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Top analyst CryptoWinkle noted that this breakout was supported by a 302.59% increase in volume and a 25.46% price surge over 24 hours. The relative strength index (RSI) remains strong but below overbought levels, indicating that the current momentum may still have room to continue.
The Helium price chart also outlines new support levels between $2.85 and $3.00, reflecting former resistance now acting as a potential base. Another key support lies near the double bottom region around $2.20–$2.30.
On the upside, resistance is present near the recent high of $4.20. Sustained movement above $3.50 could open a path toward $5.00 and beyond, while a failure to hold above this level may result in a pullback toward $3.00–$3.20.
HNT Utility and Long-Term Sentiment
Helium continues to differentiate itself by offering decentralized connectivity solutions that are already deployed. Unlike many blockchain projects still in development, Helium’s infrastructure addresses practical network needs across IoT and mobile communication.
With regulatory concerns lifted and strong price action confirmed, the project enters a phase where both fundamental strength and technical trends appear to align. While traders assess short-term volatility, Helium’s position in the wireless Web3 ecosystem remains closely watched.
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