Reviewed by Reviewed by Saman Waris Updated 23:00 EDT October 5, 2026 Share Share Share Back to Top Helium [HNT] started the day with a bullish move, gaining 10% in value. However, the continued rally in this direction is hinged on whether the asset holds the key structural support level on the chart
At the time of writing, HNT is now trading within a potential demand zone, marked in blue on the chart, where it could see buy orders that lead it to rally higher
For now, the asset has the potential to reach a local high at about $0.64 if the rebound from the present support structure holds. Gains from this level would mark an additional 16% to price performance
Notably, in the case where the price doesn’t rally from this level, there’s a high chance the price retreats lower, dropping as far as the black support line on the chart
There isn’t 100% alignment on whether the asset will see a rebound from the potential demand zone into which it dropped. However, the indicator Bull Bear Power (BBP) confirms that the bulls remain active in the market with the formation of the green bar, but it also points to weakness
Moreover, the recent bar formation, compared to previous bars, specifically in the last six days, has been the lowest yet. This suggests that compared to prior days, the bulls’ strength remains minimal
Chaikin Money Flow (CMF), a volume-weighted indicator that tracks the buying and selling volume of an asset, shows that there’s been more selling over the past day
Additionally, the CMF is trending within the negative zone on the chart, indicating that sellers are more dominant in the market as it stands
As a result, if both indicators continue along their present path, HNT is likely to drop even lower in the near term
The exciting outcome around HNT has been the steady growth in the holders’ count. Data reports that the number of investors holding the asset, reached on-chain, has now reached 572,350 at the moment
Growth in holders count is often a reflection of the long-term performance of the asset, as investors anticipate major gains
Additionally, the sentiment has stayed high and positive. The sentiment indicator by CoinMarketCap, which tracks investors’ outlook for an asset, has a reading of 4.00
Sentiment analysis uses a scale between -10 and 10 to determine investors’ sentiment based on their level within that scale. At the moment, the current placement marks bullish territory for price
Olayiwola Dolapo is a Crypto Research Analyst at AMBCrypto, driven by a mission to make the digital asset space more transparent and understandable for all. His journey was catalyzed by an early experience in the market that underscored the importance of deep, foundational knowledge—a principle that now guides his professional work
