Buy Signal Flashes, Eyes $4.90 Target

• Helium’s TD Sequential buy signal suggests a possible bullish reversal from $3.10.
• Inflows above $1.5M have historically triggered price rebounds and accumulation.
• RSI near oversold at 33.11 hints at a potential HNT trend reversal above 40.

Helium (HNT) is currently trading near a key support level of $3.10, which is the lower boundary of a parallel channel. Analyst Ali Martinez notes that the TD Sequential indicator has given a “9” buy signal on the 3-day chart. Historically, similar signals at important price levels have led to strong upward moves. 

If the support holds, HNT could see a notable price recovery, with potential resistance at $4.90 and possibly even extending toward $7.50. But, a breakdown below $3.10 might lead to further declines, with the next major support at $2.20.

HNT’s Recent Market Behavior

HNT is currently priced at $3.34, reflecting a 5.92% increase in the last 24 hours. Despite this short-term gain, the token has dropped 24.38% over the past week. Its 24-hour trading volume stands at $14.81 million, with a circulating supply of 180 million HNT. 

This gives Helium a market capitalization of approximately $591.75 million. The price movements lately show ongoing market uncertainty, with traders closely watching support and resistance levels.

Analyzing HNT On-Chain: Inflows, Outflows, Key Trends

The HNT inflow/outflow chart shows large fluctuations, with a critical threshold around $1.5 million. Historically, inflows above this level, as seen in September and December, have lined up with price rebounds and accumulation phases. 

Conversely, outflows exceeding $1.5 million, such as in mid-August and late January, have triggered substantial price declines. Neutral flow levels often indicate market consolidation, leading to limited price movement. 

Related: Bittensor (TAO), Helium (HNT), Solana (SOL) Lead Market Bounce

When inflows exceed $1 million, they tend to support price stability, while similar outflows increase downward trends. The $1 million threshold is a key point for potential trend reversals.

Technical Indicators: RSI and MACD Analysis

The Relative Strength Index (RSI) is currently at 33.11, nearing oversold territory at 30. This indicates strong selling pressure but also hints at a possible reversal if the RSI moves above 40. 

Also, the MACD indicator shows the MACD line slightly positive at 0.011, with a recent bullish crossover against the signal line. This suggests a weakening of the bearish trend and potential short-term upside momentum.

Helium’s Price Potential: February 2025 Outlook

Coincodex market projections for February 2025 suggest a possible 9.78% price increase, with HNT expected to average $3.62.

Related: Helium (HNT) Price Prediction 2024-2030: Will HNT Price Hit $10 Soon?

Price fluctuations could range between $3.33 and $4.25, offering a potential return of 28.99% from the current level. If bullish momentum grows, HNT could test key resistance zones, further strengthening its long-term outlook.