Helium $HNT price is recorded at the level of $3.64 and is forming a cup-and-handle technical pattern, which historically indicates a strengthening opportunity.
Helium will experience halving in the near future. The amount of annual supply will be reduced from 15 million to 7.5 million tokens, thus reducing the new supply in the market.
If market sentiment remains supportive, HNT is expected to break through $4.18 and continue towards $4.82.
However, the selling pressure ahead of the halving also risks lowering the price to the range of $3.13.