Helium’s 59% rally – More gains to come for HNT?

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Helium’s 59% rally – More gains to come for HNT?
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Helium's Open Interest rises as funding rates flip negative, suggesting that traders are opening short positions.

continued to rally at press time, with seven-day gains of over 50%. Volumes in the spot and futures markets showed rising investor interest as prices push to multi-month highs.

The four-hour chart showed the formation of a shorter-term bullish crossover as the 50-day Simple Moving Average moved above the 100-day SMA. This trend indicated the likelihood of a sustained uptrend.showed a 30% rise in HNT trading volumes. These volumes are likely coming from buyers, as the Chaikin Money Flow showed a positive value of 0.26.Currently, the 1.0 Fibonacci level acts as the immediate resistance.

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