Helium (HNT) has seen an impressive surge in price, rising by more than 16% over a 24-hour period. As of the latest data, HNT reached $4.30 before closing slightly lower at $4.23. This sharp increase signals a shift in market momentum, but for the bullish trend to continue, the cryptocurrency must break and hold a key price level: $4.40. If Helium can flip this zone from resistance to support, it could set the stage for even higher prices, potentially pushing beyond $5.

The Battle for $4.40

Helium’s rally above $4.00 marked a significant turning point for its market structure. The price action has now entered a critical testing point at the $4.40 level. For the upward momentum to gain traction, HNT must maintain its position above this threshold. Successfully flipping $4.40 from resistance into support would likely fuel additional price gains.

Currently, the price is moving toward a “wick fill” scenario, meaning the market is nearing a critical area that could determine the next phase of the rally. If HNT can continue to rise, analysts predict that it could reach new highs, with some suggesting a potential target of $5.

Market Indicators: Upward Pressure Remains

Helium’s price increase is also supported by strong technical indicators. The MACD (Moving Average Convergence Divergence) shows an upward momentum, with the MACD line at 0.130 rising above the signal line at 0.096. The histogram is also in the green, indicating that upward pressure remains strong.

However, a failure to break and sustain the $4.40 mark could signal a potential reversal. Falling below $4.00 would likely trigger a pullback toward the $3.80–$3.60 range, with further downside risks bringing HNT to the $3.25 support zone, where it tested prices earlier in April.

Liquidation Zones and Future Obstacles

Short positions in the market have played a key role in Helium’s recent rally. Liquidations near $4.20 fueled the price surge to $4.23, as short positions were forced to close, creating a short squeeze. As more short positions continue to form above $4.20, it suggests that obstacles could appear around this level. However, if these short positions are liquidated, it could drive the price even higher.

On the other hand, long positions are also building around $3.60, with nearly 17.76K positions at that price. This area has become an essential support zone, and as long as demand remains strong here, it could help propel prices upward. If Helium breaks through $4.40, analysts expect it to push toward $4.60 as it seeks liquidity pockets and more short liquidations.

Blockchain Meets Telecom: Real-World Utility

Beyond price charts, Helium’s real-world utility plays a major role in its long-term potential. The Helium blockchain has already proven its worth through partnerships with major telecom companies like AT&T and Telefónica. These collaborations have allowed Helium to serve more than 800,000 users daily, showcasing its decentralized connectivity in the telecommunications sector.

These partnerships are crucial for Helium’s growth, as they demonstrate the practical applications of blockchain technology in a vital industry. The increasing usage of Helium’s network could drive further demand for its native token, HNT, potentially leading to higher token values. However, market volatility remains a key factor that could impact the price of HNT in the short term.

Conclusion: Helium’s Next Move

Helium’s impressive price surge and strong market indicators suggest that it could be on the verge of further growth, but it faces a critical test at the $4.40 level. If it can break through and hold this zone, a rally toward $5 may be on the horizon. However, a failure to maintain momentum above $4.00 could lead to a pullback. With strong partnerships and increasing real-world utility, the long-term outlook for Helium remains positive, but market volatility will continue to play a significant role in its price action.