Helium (HNT) Falters 15% As Crypto Market Tries To Bounce Back
Helium Mobile has faced challenges as its network struggles to keep pace with market declines, leading to a 15% drop in its native token, HNT, over the past two weeks. Despite this, recent developments may improve investor sentiment. Helium has partnered with Ameriband to expand its network by adding over 100,000 data-only hotspots across the U.S., enhancing connectivity for users and potentially increasing the user base. The carrier offload program currently serves 130,274 subscribers, with data routed to the Helium network expected to grow. HNT is attempting to retest a resistance level of $6.79 but may face further declines toward $6.23 or $5.67 if bearish trends persist. The relative strength index suggests a potential bullish reversal soon, though market correlation poses risks to this momentum.
