Helium (HNT) Poised for a Potential Rebound Amid Market Uncertainty

• Helium (HNT) faces key support at $3.10, with a potential rebound toward $3.90 or resistance near $5.50 if buying pressure increases.
• The TD Sequential indicator signals a possible buy, but failure to hold support may push HNT toward $2.50, extending the downtrend.
• Market sentiment is cautious, with traders watching $3.90 and $5.50 as breakout levels that could determine HNT’s short-term direction

Ali_charts highlights a potential rebound for Helium (HNT) in his X post forecasting a rise toward $5.50 or even $9.50. The TD Sequential indicator signals a possible buy opportunity at a crucial support level. The market’s recent price movement suggests a pivotal moment.

Key Support and Resistance Levels

The price of helium started at $3.7372, hitting a high of $3.8132 before closing at $3.5626, down by 4.67%. The resistance at $5.5000 had previous attempts to rally up have been prevented. This zone is an important barrier as prior rejection indicates selling pressure.

On the downside, support lies at $3.1000, where buyers have defended the price multiple times. If this level holds, a potential bounce toward $3.9000 or higher could follow. However, a breakdown below $3.1000 may lead to further declines, potentially testing the $2.5000 level.

Technical Indicators and Price Action

All of the trend is bearish with the price forming lower highs and lower lows. The TD Sequential indicator has flashed a “9” count, suggesting a possible exhaustion of selling pressure. If history repeats itself, HNT could experience a relief rally from this zone.

Market volatility has declined following the sharp drop from $9.5000. Candlestick formations indicate caution as liquidity appears lower than in previous weeks. A sustained move above $3.9000 may trigger a short-term recovery, while failure to reclaim key levels could extend the downtrend.

Market Sentiment and Outlook

Despite the bearish trend, the market structure suggests a crucial decision point near $3.1000. A breakout above resistance levels could shift momentum toward bulls. However, failure to maintain support may result in prolonged selling pressure. Historical price patterns indicate that consolidation phases often precede sharp movements. If HNT follows previous trends, a decisive move in either direction is imminent.