Helium (HNT) Skyrockets 88% Following Texas City’s Network Integration

Key Highlights

• HNT experienced an 88% price surge on August 29, 2026, climbing to approximately $0.42 with trading volume exploding over 1,000%
• The city of Celina, Texas transitioned its municipal Wi-Fi infrastructure to carrier-grade coverage via the Helium Network
• A significant short squeeze developed as Helium’s weighted funding rate plummeted to -0.63%
• Short liquidations exceeded $125,000 — marking HNT’s most severe single-day squeeze throughout 2026
• Technical indicators show RSI reaching 85, signaling overbought territory, while resistance stands at $0.44 and support at $0.23

The Helium (HNT) token experienced a remarkable 88% price appreciation on August 29, 2026, driving the asset to the $0.42 level. Market activity intensified dramatically, with trading volumes surging more than 1,183% to reach $38.3 million, based on CoinMarketCap metrics.

This performance positioned HNT within the top seven highest-gaining cryptocurrencies for the trading day. The token also ranked among the most heavily traded digital assets during the session.

HNT established its all-time low at $0.1672 merely fifteen days prior to this rally. This explosive move represents a dramatic turnaround from an extended bearish trend.

The Driving Force Behind the Rally

The primary catalyst emerged from Celina, Texas embracing the Helium Network infrastructure. This rapidly expanding suburb experienced 25% population growth within twelve months, creating strain on traditional cellular tower capacity.

The $HNT (Helium) token surged nearly 100% in 24 hours following an announcement in Texas

The pump occurred against the backdrop of news about the launch of the Helium Network in the city of Selina, Texas.

The city converted its existing public Wi-Fi network into mobile… pic.twitter.com/MH8tH7Za8k

— Lórien (@Lorienss) August 29, 2026

Municipal authorities transformed their comprehensive citywide Wi-Fi infrastructure into functional carrier coverage operating on the Helium Network. Citizens now enjoy access to 100GB of daily data allocation without requiring additional tower construction.

Helium publicized this development through an official blog announcement, which gained rapid traction throughout cryptocurrency trading circles. Market participants responded with substantial buying pressure, propelling HNT significantly upward.

Short Squeeze Intensifies Price Movement

During HNT’s rapid ascent from $0.21 to $0.43 over several hours, bearish traders established short positions anticipating a reversal. This concentration of short interest developed rapidly.

Analytics from CoinGlass reveal Helium’s weighted funding rate descended to -0.63%, indicating short position holders paid substantial fees to maintain their bearish bets. Subsequent short liquidations surpassed $125,000 — representing HNT’s largest single-session squeeze throughout 2026.

Open interest expanded 556% to $15 million, while trading volumes reached $50 million, reflecting a 2,600% increase.

Chart Analysis

Daily chart patterns reveal HNT escaped from a descending channel formation that constrained price action since June. The 50-day exponential moving average positioned near $0.2257 currently functions as support.

The Relative Strength Index registers at 85, indicating deeply overbought conditions. Meanwhile, the ADX indicator trends upward, confirming momentum strengthening.

HNT has experienced modest retracement from its intraday peak of $0.44 as traders secured profits. Critical resistance exists at the $0.44 threshold, with the subsequent upside target positioned at $0.53 upon breakthrough.

Downside support aligns with the 61.8% Fibonacci retracement level at $0.23. A decisive close above $0.44 would reinforce bullish momentum.

The leading ten HNT holders possess 26.36% of total supply. Bybit dominated exchange activity with $2.80 million in 24-hour volume, while LBank followed with $1.50 million.

HNT’s peak valuation of $55.22 was established during 2021.

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