Helium (HNT) is currently in an ascending channel, showing a potential bullish trend, but the recent volume has dropped significantly and lacks market enthusiasm. Although HNT has risen by 9.80% in the past week, it encountered strong selling pressure at the key resistance level of $7.8950, causing the price to retreat.

This resistance level forms the upper boundary of HNT's ascending triangle pattern, and if it fails to break, HNT may fall back to the support below. However, the overall market sentiment remains bullish, and the parabolic SAR and relative strength index (RSI) show upside potential.

Bullish conditions exist, and the market support for HNT is insufficient due to the decline in volume of 46.32% to $9.07 million, and the price increase may be delayed in the short term.

Only if the market activity increases, HNT can expect to achieve further gains.

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