Helium's native token HNT has posted significant gains, rising 10% in the last 24 hours to approach the critical $1.71 resistance level. This surge comes as on-chain data reveals a notable reduction in selling pressure, with fewer sending addresses indicating that investors are choosing to hold their tokens in anticipation of further price appreciation.
Analysis of network metrics shows a significant reduction in sending addresses over the past 24 hours, suggesting decreased distribution pressure. This behavior aligns with long-term conviction in the Helium project. Simultaneously, revenues accumulated by long-term holders have steadily increased in recent weeks, reflecting growing network participation and broader token distribution. Historically, rising holder base revenues contribute to price stability during pullbacks and support structural bullish momentum.
However, trading volume presents a mixed picture. While it has recorded gains over the last two days, it remains relatively muted compared to the broader multi-week decline. For the rally to accelerate decisively beyond the $1.71 resistance, sustained volume expansion will be necessary. Without strong market participation, resistance zones tend to reject price advances.
The long-term outlook for HNT, extending through 2030, is fundamentally tied to the growth and utility of the Helium Network's decentralized wireless infrastructure for IoT devices. Key drivers include the network's transition to the Solana blockchain in 2023, which enhanced scalability, and major telecom partnerships with companies like T-Mobile. The token's value is intrinsically linked to network usage and data transfer volume through its "burn-and-mint equilibrium" model, where HNT is burned to create Data Credits for network transactions.
Analysts present scenario-based price projections for HNT, with a base case suggesting a range of $12–$18 for 2026 and $30–$60 for 2030, contingent on factors like 5G rollout scale, IoT adoption rates, and global regulatory clarity. The immediate technical outlook suggests that if current bullish momentum is sustained with strengthened volume while sending addresses remain low, Helium could break above $1.71 and extend its weekly rally. Conversely, fading participation would likely lead to consolidation below this resistance level.
