Key Takeaways
- Helium network’s growth and partnership could impact Helium Mobile price to a high of $0.01.
- Helium Mobile is a DePIN project incentivizing users to deploy wireless hotspots through its native MOBILE token.
- Fundamental and technical indicators all align as the price of MOBILE could create new highs around $0.01.
| Token Name | Helium Mobile (MOBILE) |
| Current Price | $0.00191 |
| Market Capitalization | $171.5M |
| Total Circulating Supply | 89.2B MOBILE |
| Daily Support | $0.001 |
| Weekly Support | $0.001 |
| Daily Resistance | $0.035 |
| Weekly Resistance | $0.035 |
| 30 Days Performance | 187.6% |
Market Sentiment – Bullish
Technical Analysis – Bullish
Daily Mobile Coin Sentiment
What Is Helium Mobile (MOBILE)
Helium Mobile (MOBILE) is a subDAO of the Helium Network that has gained much prominence in the last few weeks despite being launched in 2013. Its wireless hotspot was announced in 2019.
Helium Mobile (MOBILE) has gained prominence after rallying by over 180% in the last seven days. Helium Mobile and Helium Network, which run on the Solana blockchain, have been applauded as the best Solana projects after Helium Mobile’s partnership with T-Mobile to provide unlimited data plans for $20 to U.S. residents and those outside the Helium Mobile 5G hotspot coverage.
This innovative project has accounted for 90% of Helium Network’s revenue. Additionally, Helium Mobile (MOBILE) users can earn incentives in the form of MOBILE tokens for sharing their locations, enabling Helium Network to know where its services need to be deployed.
MOBILE tokens are swapped into HNT tokens, the native token of the Helium Network. With such a use case, we could see HNT and MOBILE tokens performing well in the coming months.
Technical Analysis For Helium Mobile (MOBILE)
Source – MOBILE On-chain Data from Dune Analytics
Fundamentally, with its use case and demand in the U.S., the Helium Mobile (MOBILE) price has seen quite a surge in the last couple of days, with on-chain data platform Dune analytics capturing its network burn rate.
Technical analysis for Helium Mobile (MOBILE) has also complemented this increased demand as the price broke out of its bearish downtrend. The price of MOBILE looks ready for a price rally to a high of $0.01 or more.
Source – Helium Mobile Chart from TradingView
The current price action for MOBILE remains bullish above $0.0018 as bulls will be looking at pushing the price of Helium Mobile highs to its all-time highs as many traders and investors have developed much interest in this crypto project.
Higher timeframes, such as daily and weekly timeframes, show that the price of MOBILE remains bullish, and this price action could be sustained heading into a yearly close.
Helium’s growing ecosystem of decentralized wireless and DePIN networks could become a huge player in the coming bull market with its innovative idea of capturing demand-side revenue through data credit and opportunities for token redemption through its incentive rewards for mobile hotspots.
