Whereas Helium Cell has loved phenomenal success, the community has did not maintain tempo, with the overall market pulling it down additional and with losses being multiplied because the market drops low. Based on the most recent market information, HNT, the native token of the community, dropped about 15% over the past two weeks which can endanger winnings pocketed within the final month.
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Nonetheless, traders and merchants are banking on current developments that may flip the tide as soon as the market recovers from its pitfall. With these current developments, positive factors is perhaps across the horizon though investor sentiment stays shaky at finest and bearish at worst.
Helium-Ameriband Companions To Develop Helium Community
Helium just lately introduced that it has partnered with Ameriband, a market chief in Wi-Fi infrastructure in the US. Based on Helium’s current weblog publish, the partnership will deliver 100,000+ data-only hotspots across the US, increasing the community’s protection over the nation in a single day.
Thrilling Information for Helium Cell Customers! 👏
Ameriband at this time introduced its partnership with @helium_mobile so as to add 100,000+ Information-Solely Hotspots to the Helium Community within the subsequent few months throughout the US.
These Hotspots will assist ship quicker, and extra dependable protection to customers…
— Helium🎈 (@helium) October 9, 2024
“Ameriband’s huge community is deployed in well-known retail companies, grocery chains, venues, and business places throughout the nation and can assist drive utilization to the Helium Community. Because of this partnership, anybody with a Helium Cell phone plan will expertise connectivity in much more places than earlier than,” acknowledged Helium within the weblog publish.
This got here as a large win for Helium because the community growth practically ensures connectivity for US customers. Which means Helium customers who beforehand skilled connectivity points may have fewer or zero issues relating to connectivity within the coming weeks and months. It additionally ensures that the typical retail person may have publicity to the Helium community, presumably including on the rising variety of customers of the platform’s cell arm.
The provider offload program caters to 130,274 subscribers from three completely different community suppliers with over 122 TB of knowledge routed to the Helium community, figures that can proceed to develop because the Ameriband partnership takes impact.
Rising Correlation With The Market Leaves Positive factors Behind For HNT
HNT bulls are in the midst of an try and retest the present $6.79 resistance degree. As of writing, HNT remains to be on the down-low with the token presumably taking one other dive towards $6.23 within the coming days or perhaps weeks.
The relative power index (RSI), nonetheless, is hinting at a doable bullish reversal inside this week or the approaching week.
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Nonetheless, the rising market correlation with the broader market would possibly endanger the token’s bullish momentum that’s presently build up. With this in thoughts, HNT would possibly proceed to stabilize between the $6.23-$6.79 buying and selling vary within the coming days however could drive down towards $6.23 or $5.67 if the bears stay superior within the coming months.
Featured picture from Pexels, chart from TradingView