Helium ($HNT) has staged a dramatic recovery, with its price jumping 18% over 24 hours and 358.20% within seven days. The token currently trades near $0.7391, while daily trading volume has climbed above $200 million. However, the sharp advance has also increased the risk of profit-taking.
$HNT recently approached $0.93 before retreating toward the $0.73 area. Despite that pullback, the broader four-hour structure remains bullish. Moreover, strong derivatives activity and Helium’s expanding wireless network could keep traders focused on the token.
$HNT Momentum Meets Resistance
$HNT remains above its 20, 50, 100 and 200 EMAs on the four-hour chart. This alignment supports the broader bullish structure and shows that buyers still control the trend.
However, $HNT faces an immediate test near $0.8186. This level marks the 0.786 Fibonacci retracement and could determine whether buyers regain control.
A sustained move above $0.8186 could open the path toward $0.90. Consequently, a break above $0.93 would strengthen the case for another push toward $0.9929.
On the other hand, sellers could target $0.6817 if the recovery loses momentum. This level represents the 0.618 Fibonacci retracement and provides the first major downside checkpoint.
A break below $0.6817 could expose $0.5856. Further weakness could then send $HNT toward $0.4894.
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The BB %B reading near 0.78 also offers an important signal. It shows that $HNT has cooled from extreme levels while remaining in the upper range.
Derivatives Activity Returns
$HNT’s derivatives market has also changed significantly during the latest rally. Open interest now stands near $18.75 million, marking a notable increase.
Historically, open interest experienced several sharp expansions before declining alongside weaker $HNT prices. Activity often remained below $6 million during quieter periods.
The latest resurgence suggests traders have returned to $HNT derivatives. Additionally, the increase could amplify price swings as leveraged positions build.
Hence, traders may need to watch open interest alongside price action. Rising open interest during a breakout could support stronger momentum.
However, rising leverage can also accelerate declines when support levels fail. Therefore, the $0.6817 zone remains particularly important for risk management.
Network Growth Adds Fundamental Support
Helium’s network expansion provides another factor behind the renewed market interest. On August 28, Celina, Texas announced a live Helium deployment.
The project converted existing public Wi-Fi infrastructure into carrier-grade wireless coverage. The network currently handles around 100 GB of data each day.
Celina, TX grew 25% in 1 year. You can’t build cell towers fast enough to keep up with that kind of growth.
— Helium🎈 (@helium) August 28, 2026
Celina turned its own city-wide Wi-Fi networks into carrier coverage on the Helium Network.
100 GB/day, automatic on residents’ phones. No towers necessary. pic.twitter.com/hH70a8CZbk
Helium expects additional locations to join the network during the fall. Users can also connect automatically within covered areas without installing another application.
Moreover, Helium says its network now reaches more than 42,000 U.S. locations. The network reportedly serves more than 2.5 million people each day.
That expansion could strengthen Helium’s real-world utility if usage continues growing. Consequently, network adoption may become an increasingly important factor for $HNT investors.
Technical Outlook For Helium Price
Key levels remain well-defined heading into September:
Upside levels: $0.8186 is the immediate hurdle, followed by $0.90 and the recent high near $0.93. A decisive breakout could extend toward $0.9929.
Downside levels: $0.6817 is the key support, followed by $0.5856 and $0.4894. Holding $0.6817 would preserve $HNT’s broader bullish structure.
Momentum trigger: $0.8186 is the critical level to reclaim. A sustained move above it could signal renewed buying pressure after the recent pullback.
Will Helium Go Up?
Helium’s September outlook depends heavily on whether buyers can defend the $0.6817 support zone. $HNT’s sharp recent rally has pushed the token into a high-volatility phase. However, its position above the major EMAs keeps the broader trend constructive.
If buying pressure returns and $HNT clears $0.8186, the token could retest $0.90 and $0.93. A breakout above $0.93 would strengthen the bullish case toward $0.9929.
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Conversely, losing $0.6817 could trigger a deeper correction toward $0.5856. Stronger selling could then expose $0.4894.
For now, $HNT remains at a pivotal level. Rising open interest and Helium’s expanding network could support sentiment, but sustained buying will determine the next major move.