Helium

Helium (HNT) has recently shown signs of a potential bullish trend, despite experiencing a retracement of nearly 24% from its local high of $4.5. On April 12, HNT broke through a significant resistance level at $3.4, suggesting an end to the downtrend that had persisted since the end of January. This bullish structure indicates that Helium bulls are attempting to establish an upward trajectory, although the market remains sensitive to broader cryptocurrency movements, particularly those of Bitcoin (BTC). Currently, HNT is facing crucial support levels at $3 and $2.25, which could come into play due to two primary factors. First, the volatility surrounding Bitcoin poses a risk; if BTC falls below $83k, it could trigger widespread selling across the market, negatively impacting HNT. Secondly, the buying pressure for HNT has not been overwhelming, as indicated by the On-Balance Volume (OBV), which has struggled to surpass its February highs. A sustained uptrend in the OBV could signal a stronger rally for Helium in the near future. On the 4-hour chart, the Relative Strength Index (RSI) indicates a slowdown in momentum over the past week, with the price action revealing resistance at the bearish breaker block around $3.7. As of now, HNT is trading near the 50% retracement level, with the potential to bounce back above $3.7, contingent on increased buying pressure. However, if Bitcoin drops below $83k, the short-term outlook for Helium could turn bearish, prompting traders to consider selling opportunities targeting a retracement to the $2.75-$3 range.

In a significant development for Helium and the Decentralized Physical Infrastructure (DePIN) movement, the U.S. SEC has officially dismissed its claims of unregistered securities against Helium with prejudice. This ruling means that the SEC cannot refile these charges, effectively clearing a major regulatory hurdle for Helium. As a result, the Helium Network and its associated tokens—HNT, MOBILE, and IOT—can now operate with renewed confidence. Following this announcement, the price of Helium (HNT) surged over 6%, reaching levels not seen in months, raising questions about its potential for further gains. This regulatory clarity is a pivotal moment not only for HNT holders but also for the broader cryptocurrency landscape. The SEC's acknowledgment that Helium Hotspots and its token distribution do not constitute securities removes a significant barrier to adoption. This development allows Helium to expand its operations globally, attract new partnerships, and pursue integrations without the looming threat of legal complications. The positive sentiment among investors is evident in the price charts, which reflect a bullish trend as Helium prepares for a new phase of growth. From a technical perspective, Helium's daily chart indicates a breakout, with the price climbing to $3.72 after weeks of consolidation. The token has reclaimed key moving averages, suggesting strong bullish momentum. If HNT maintains its position above the 100-day SMA at $3.71, it could target the 200-day SMA at $5.32, representing a potential 40% increase. Additionally, the hourly chart shows a recent parabolic spike followed by healthy consolidation, indicating that while profit-taking is occurring, the overall bullish trend remains intact. With the SEC's decision paving the way for Helium's future, projections for HNT could see it reaching between $5.00 and $6.00 in the near term, solidifying its status as a leader in the DePIN sector.

Last week, the cryptocurrency market experienced a mixed performance, with notable tokens like Onyxcoin, Fartcoin, Jasmy, Hyperliquid, and Helium witnessing significant gains. In contrast, other altcoins such as Tezos, EOS, Movement, Toncoin, and Ethereum faced double-digit declines. Bitcoin remained in a consolidation phase, despite the US dollar index dropping and U.S. equities fluctuating. This article highlights Fartcoin, Solana, and Arbitrum as the top cryptocurrencies to monitor this week due to their recent performances and market dynamics. Solana, a prominent layer-1 network, is gaining attention this week due to a notable increase in transactions. According to Nansen data, Solana's transactions surged by 6.6% over the past week, reaching 355 million, while transaction fees exceeded $6.15 million. Additionally, Solana has surpassed Ethereum in decentralized exchange transactions, processing over $15 billion recently. The SOL price has rebounded to $129 after hitting a low of $94.65 earlier this month, with potential for further gains as it approaches the 38.2% Fibonacci Retracement level at $170. Fartcoin is another cryptocurrency to watch, having surged over 364% from its lowest point this year, marking its highest level since February 1. This surge is attributed to whale accumulation, creating a fear of missing out among investors. Technically, Fartcoin has formed a cup and handle pattern, indicating potential for further upside, with bulls targeting a key resistance level at $1.5. Meanwhile, Arbitrum, despite being in a downtrend, has seen a 40% increase in DEX transaction volume, reaching $4.6 billion. As it approaches a milestone of $500 billion in DEX transactions, the upcoming token unlock worth over $28 million could influence ARB's price, which has formed a bullish divergence pattern, suggesting a possible rebound ahead.

The U.S. Securities and Exchange Commission (SEC) has officially dismissed its lawsuit against Nova Labs, the company responsible for the Helium Network. This decision clarifies that the tokens and hotspot devices associated with the Helium blockchain do not qualify as securities. Helium stated that the SEC's ruling indicates that "selling hardware and distributing tokens for network growth does not automatically make them securities." This landmark decision not only sets a precedent but also alleviates legal uncertainties surrounding the regulatory treatment of decentralized physical infrastructure networks, marking a significant shift in the SEC's approach under new leadership. The lawsuit, originally filed on January 17, accused Nova Labs of violating securities laws through unregistered offerings and misleading investors regarding partnerships with major corporations like Nestlé and Salesforce. The dismissal of this case is particularly notable as it was one of the last enforcement actions taken by former SEC Chair Gary Gensler before his departure. Helium co-founder Amir Haleem described the SEC's actions as "the last gasp of a failed crusade against crypto companies in the U.S." Following the dismissal, Nova Labs reached a modest settlement of $200,000 related to its Series D equity financing, which is significantly lower than penalties imposed in previous crypto-related cases. The resolution of this case is part of a broader trend of reversals by the SEC under the newly appointed leadership of Paul Atkins, who was confirmed by the Senate. During the interim period after Gensler's exit, the SEC has moved to dismiss several major crypto enforcement actions and has issued statements exempting various crypto activities from securities regulation. Despite the positive news for Helium, the network's native token, Helium (HNT), saw little movement, remaining at $2.76 according to CoinGecko data.

In a significant development within the DePIN ecosystem, the DoubleZero Foundation has secured a remarkable investment of $28 million from top venture capital firms, including Dragonfly and Multicoin Capital. Founded by Austin Federa, who previously played a pivotal role at the Solana Foundation, DoubleZero aims to create a robust web3 infrastructure by addressing the challenges faced by current blockchain networks. The project is designed to enhance bandwidth and reduce latency, facilitating smoother operations for web3 applications. The investment signals strong support from the Solana ecosystem, indicating a collective effort to build a physical infrastructure network that can rival traditional web2 solutions. Another noteworthy project, Roam, has emerged as a decentralized wireless network built on the Solana blockchain. Launched on March 6, Roam aims to provide seamless WiFi and eSIM connections globally, boasting over 2.3 million users and 2 million WiFi nodes across 190 countries. With a market capitalization exceeding $60 million, Roam utilizes blockchain technology to ensure secure connections and automatic network switching. Its innovative approach, combined with a strong incentive mechanism for users to share WiFi, positions Roam as a leading player in the DePIN space, drawing comparisons to Starlink for its ground-based communication solutions. As of mid-March 2025, the DePIN ecosystem on Solana has flourished, with a market value surpassing $25 billion. This growth is attributed to Solana's technical advantages, such as high throughput and low transaction costs, making it an attractive platform for DePIN projects. The Solana Foundation's proactive support through funding and hackathons has further nurtured this ecosystem. With approximately 78 DePIN projects currently active on Solana, including notable names like Helium and Render Network, the platform is poised to lead the way in decentralized physical infrastructure, showcasing its potential to reshape the future of connectivity and data sharing in the blockchain space.

Decentralized Physical Infrastructure Networks (DePINs) are rapidly emerging as a pivotal narrative in the cryptocurrency landscape. These networks encompass a variety of applications, including decentralized cloud storage, wireless networks, and peer-to-peer energy grids. The potential of DePINs extends beyond mere technological innovation; they promise to reshape daily life by enhancing the sharing economy, improving supply chain management, and fostering sustainable energy solutions. Despite their significance, awareness of DePINs remains limited within the crypto community, making it essential to highlight their transformative capabilities as we enter a new bull market. At its core, DePIN refers to a decentralized approach to building and managing physical infrastructure, akin to Amazon Web Services (AWS) but without centralized control. By leveraging crowdsourced resources, DePIN projects can significantly reduce the costs associated with establishing extensive physical infrastructure. For instance, decentralized cloud storage solutions like Filecoin and Storj allow users to contribute their unused storage space in exchange for rewards, while projects like Helium incentivize individuals to share their internet bandwidth. This innovative model not only democratizes access to essential services but also fosters a more resilient and localized infrastructure. Despite the promise of DePIN technology, several challenges must be addressed to ensure its successful implementation. Key hurdles include ensuring robust cybersecurity measures, achieving scalability, and navigating regulatory landscapes. However, exciting developments are on the horizon, such as advancements in security protocols and integration with the Internet of Things (IoT). As DePINs continue to evolve, they hold the potential to revolutionize how we interact with our physical environment, paving the way for a more efficient and user-centric infrastructure in the future.