Helium's HNT Buyback and DEX Surge Indicate Potential Price Reversal

News Flash 2025-11-16 11:17

Helium's HNT token has seen a 16% price increase since the launch of its buyback program on October 20, 2025. The initiative, funded by transaction fees, aims to reduce the circulating supply, contributing to the token's upward momentum. Recent data from Solscan highlights a surge in decentralized exchange (DEX) activity, with trading volumes reaching $3 million, marking the highest weekly figure. Buy orders have outpaced sales, and the price action has formed an inverted head-and-shoulders pattern. The token is currently holding above the $2 support level, with potential to rise to $4 if it breaks the $2.74 resistance.

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