Helium (HNT) Testing Key MA Resistance – Can It Repeat a Strong Rally?

Date: Sun, March 30, 2025 | 09:50 AM GMT The cryptocurrency market is under renewed selling pressure, erasing recovery gains made earlier this week. Ethereum (ETH) has dropped over 8% in the past two days, falling below $1850 from the high of $2K.But in the midst of this, Helium (HNT), the IoT token, has still managed to gain 6% today. With price action improving and technical indicators aligning, a potential recovery rally could be on the horizon as it has dropped by 50% in the last 90 days.

Source: Coinmarketcap Testing Key MA Resistance Looking at the daily chart, HNT has undergone a significant correction—over 75% since being rejected at the $10.00 resistance level on December 16, 2024. This bearish pressure dragged the price down to a critical support zone near $2.32, where buyers stepped in to hold the line.

Helium (HNT) Daily Chart/Coinsprobe (Source: Tradingview) HNT has now rebounded to $3.22 and is testing a key barrier—the 50-day Moving Average (MA), currently near $3.30. This level holds significant weight, as it has historically acted as a major pivot point. Interestingly, a similar pattern played out in mid-2024, where HNT bounced from a support zone and broke above the 50-day MA. This led to an impressive 181% rally, pushing prices towards the $10.00 range again. The chart highlights this move clearly, with a massive rally following the breakout from the MA zone. Another key indicator aligning with this setup is the MACD (Moving Average Convergence Divergence). The MACD histogram is currently flipping bullish, similar to how it did in the last breakout phase. What’s Next for HNT? Currently, HNT is forming a comparable technical setup. The price is once again rising from a major support region and testing the 50-day MA. If HNT manages to break and close convincingly above this level, it could signal a bullish reversal, potentially attracting fresh buying interest and fueling a rally. Immediate resistance levels to watch post-breakout would be around $3.96, followed by the 100-day MA near $4.64. A move above both these levels could pave the way toward a more extended recovery phase. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.