Helium (HNT) Price Pumps 22% as Coinbase Perpetual Listing Announcement Sparks Buying Frenzy

The price of Helium has seen a significant surge, rising by 22.38% over the past day. This price movement comes amid developments surrounding the Helium network and a growing interest in the digital coin.

The price of Helium has surged by 22.38% over the past day amid developments surrounding the network and a growing interest in the digital coin.

The token has rallied in response to an announcement that Helium, along with two other Solana-based meme coins, $PENGU and $POPCAT, will be listed on Coinbase perpetual starting February 13, 2025. The integration of Helium into a major exchange platform is driving the recent price surge.

Helium’s addition to Coinbase’s perpetuals market marks a significant development. This listing is expected to attract more attention from institutional and retail traders, increasing Helium’s liquidity and exposure.

The price of Helium has soared amid network improvements and hotspot payouts. The payouts, which are now being issued correctly in HNT, have brought more stability and confidence within the Helium community. This update is a critical milestone, addressing one of the network’s long-standing challenges.

The latest price action for HNT shows a strong breakout from a downward-sloping channel that had limited the token’s price movement. The token is trading around $4.14, having moved higher recently, breaking above previous resistance levels.

A key observation from the chart is the neutral RSI reading of 57.08, indicating balanced market momentum. This suggests that while the price is rising, there’s still potential for further gains, especially if it continues to hold above the $4.50 resistance.

On the downside, the HNT’s price has found strong support near $3.02, indicating that the recent price surge may have established a more stable trading range.

Overall, Helium’s price surge today is a combination of external market factors, network improvements, and positive technical indicators, creating a promising outlook for the token in the short term.