Helium (HNT) at Critical Support as TD Sequential Flashes Buy Signal

• Helium (HNT) holds critical $3.10 support as TD Sequential signals a potential rebound. A move above $4.90 may confirm a momentum shift.
• Market volume aligns with past accumulation phases, hinting at a possible rally if HNT sustains buying interest above key levels.
• HNT faces strong resistance at $4.90 and $5.50, with a break above potentially reversing its bearish trend. Failure risks further decline.

Helium trades at support with the TD Sequential presenting a buy signal on the 3-day chart. HNT recently surged 8.63% and changed hands at $3.4937, following a remarkable slump from the $5.50 resistance level. The price had decreased to a low of $3.10 before rebounding. According to analyst Ali, the setup is very important and can be a reversal of the ongoing trend.

Key Support and Resistance Levels

The price of HNT remains within a parallel channel, finding strong buying interest around the $3.10 support level. The $4.90 resistance level remains a critical barrier for further upward momentum. If HNT can sustain a move above this level, bullish sentiment could strengthen. However, failure to hold above $3.10 might result in further declines.

Historical price data shows that Helium has faced multiple rejections at $9.50 and $5.50. Each rejection has led to lower highs, forming a bearish structure. The breakdown from $5.50 confirmed the bearish trend, placing HNT within a tight trading range. The TD Sequential buy signal suggests possible exhaustion in the downtrend, aligning with previous accumulation phases around this region.

Market Structure and Volume Analysis

The trading volume indicates that the market is responding to historical demand zones. The price movement resembles past accumulation phases, where compression within key levels preceded sharp rallies. A previous accumulation phase near $3.10 resulted in a rally above $7.50. If history repeats, another strong upward move could follow.

Besides, candlestick patterns show volatility, with wicks extending in both directions. This suggests indecision in the market but also signals that buyers are stepping in. Moreover, the TD Sequential indicator has historically marked reversal points, strengthening the case for a potential bounce.

Outlook and Next Steps

Moving forward, HNT must break above $4.90 to confirm a shift in momentum. A decisive move beyond this level could attract more buyers, potentially pushing the price toward $5.50. However, if the price fails to hold above $3.10, further downside movement may follow. The broader market trend remains bearish, but short-term technical indicators hint at possible relief.