Helium price just shot up over 10% over the past day, and trading volume has more than doubled. It’s turning heads, but the big question is: is this the start of a real breakout or just another fake-out?
Let’s break down what the chart is showing right now and whether throwing $1,000 into HNT makes sense at this point.
Helium Price Still Struggling Below Resistance
HNT price has been stuck in a downward trend since November 2024. The chart clearly shows a descending trendline, acting as a ceiling that has rejected price moves several times, including a recent attempt near $4.50. Every breakout attempt over the past few months has failed to close above that trendline, keeping the bearish structure in place.
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After falling from above $12 to just under $2.00 between December and March, HNT staged a sharp rebound. Helium price surged from $2.30 to $4.50 in early April but was again rejected at the trendline. That rejection sent the price lower, and it’s now trading around $3.56, just beneath key resistance.
Unless Helium can break this trendline cleanly, the bearish pattern could remain intact, and the price may head back toward previous support zones.
Triple Bottom and Higher Lows Are Forming
Despite the downward pressure, the chart also reveals signs of strength. HNT price has now bounced off the $2.20–$2.30 zone three separate times: in July, March, and April. This kind of repeated test forms what’s known as a triple bottom line, a common reversal setup in technical analysis.
On top of that, the price is beginning to show a pattern of higher lows. If it can hold above $3.30 and eventually close above $4.50, this would mark a shift in structure, from bearish to potentially bullish.
But right now, that breakout hasn’t happened yet. Price remains stuck between rising support and that descending resistance line.
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So, Is It Time to Put $1,000 Into Helium?
If you’re looking for a confirmed breakout, this might not be the moment. The price structure is improving, but without a clear close above $4.50 and strong trading volume behind it, the trend remains neutral to bearish.
However, if Helium price holds above $3.30 and starts moving upward again, this could set up for a move to $5.50 and potentially $7.00. A drop below $3.30, and especially below $2.80, would suggest the bulls are losing ground.
For now, putting $1,000 into HNT carries both potential and risk. The chart shows recovery signs, but until resistance is broken, buyers should be prepared for more sideways action — or even another pullback.
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