Helium (HNT) price is up roughly 150% this year and its market capitalization recently reached the $1 billion market cap. The Chaikin Money Flow (CMF) has turned positive at 0.15, signaling strong buying pressure and supporting recent price gains.

If the golden cross forms as EMA lines suggest, HNT could test resistances at $6.5 and $7.2, but a reversal might lead to support levels at $6 or as low as $5.28.

HNT CMF Is Now Positive

HNT CMF has surged to 0.15 from -0.06 in just one day, signaling a significant shift toward positive buying pressure. The CMF, or Chaikin Money Flow, measures the flow of capital into or out of an asset over a specific period, with values above 0 indicating net inflows (buying dominance) and values below 0 reflecting net outflows (selling pressure).

This sharp rise highlights growing confidence among buyers, supporting HNT’s recent 5% price increase.

A CMF of 0.15 indicates strong bullish sentiment, suggesting that the current uptrend has solid backing from capital inflows. If the CMF continues rising, it could signal further upward momentum for HNT, potentially resulting in additional price gains.

Helium RSI Shows Potential For More Price Increase

Helium RSI has climbed to 58 from 46 in just one day, reflecting growing bullish momentum. The RSI, or Relative Strength Index, measures the speed and magnitude of price changes on a scale from 0 to 100.

Values above 70 signal overbought conditions and a potential for a correction, while values below 30 indicate oversold levels, often leading to a rebound. An RSI of 58 suggests that HNT is in a healthy uptrend without approaching overbought territory yet.

With the RSI still well below 70, HNT’s current uptrend has room to continue before hitting overbought levels. This leaves space for further price growth as buying momentum builds.

If the RSI continues its upward trend, HNT price could see additional gains in the short term, supported by its current bullish sentiment.

HNT Price Prediction: Can HNT Reach $7 Soon?

HNT EMA lines show the potential formation of a golden cross, where a short-term EMA crosses above a long-term EMA. This pattern is a bullish signal, often indicating the start of a sustained uptrend.

If the golden cross forms and momentum continues, Helium price could break through the $6.5 resistance level and potentially climb to $7.2, reinforcing its bullish trajectory and the recent $1 billion market cap milestone. This would also reinforce HNT in the top 10 ranking among DePIN (Decentralized Physical Infrastructure) coins.

However, if the current uptrend weakens and reverses, HNT price may face critical support levels.

The price could first test $6, and if that fails, it might drop to $5.57 or even $5.28.

President-elect Donald Trump reportedly interviewed Paul Atkins for the position of SEC Chair. Several reports claimed that Atkins is the current favorite for the role, boosting his prediction market odds.

Atkins previously served as the SEC Chair and pursued crypto advocacy in the private sector after his tenure concluded.

Paul Atkins: The Next SEC Chair?

According to a Bloomberg report, Trump is considering Atkins to be a leading candidate for this role. Since 2020, Atkins has been serving on the advisory board of the Chamber of Digital Commerce. He’s a known advocate for blockchain development and investments.

If selected, Atkins will replace Gary Gensler in late January once Trump takes office. The current SEC chair announced his impending resignation earlier this month while also defending his pessimistic perspective towards the crypto market.

“Atkins is someone who is not only crypto-savvy but possesses a deep understanding of the inner workings of the agency as both a former commissioner and staffer. Atkins is seen as being capable of establishing a pro-innovation agenda while returning the agency to a … standard many… feel was lost under… Gensler,” claimed Fox Business reporter Eleanor Terrett.

Donald Trump has sworn to support crypto through a sweeping plan of appointments and reforms in his upcoming administration. Although Trump plans to turn over much of the SEC’s jurisdiction over crypto to the CFTC, the SEC is nevertheless a vital component of crypto regulation. In this role, Atkins could significantly benefit the industry.

Terrett claimed that Atkins is currently the most likely candidate for the position, but this is not set in stone. Several other candidates, including those with SEC experience, are also in the funning. For example, “Crypto Mom” Hester Peirce is also a possible candidate, and she is a current SEC Commissioner under Gensler.

If nothing else, these rumors have proved credible in the past. As BeInCrypto reported earlier, Trump also nominated pro-crypto candidate Scott Bessent for the role of Treasury Secretary. If this buzz proves correct, Paul Atkins will lead a much friendlier SEC than Gensler’s.

Overall, it’s now becoming highly likely that the US will have a pro-crypto advocate as the SEC leader and its regulatory scrutiny of the industry will likely ease.

BitWise filed an application with the SEC to create an ETF based on its 10 Crypto Index Fund. If approved, this would be the most diversified and extended crypto ETF in the US market.

Earlier this week, BitWise also filed for a Solana ETF with the SEC, following the applications of Canary Capital, VanEck, and 21Shares

BitWise is Looking to Expand its Crypto ETF Offerings

According to the filing, the fund includes Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Chainlink, Bitcoin Cash, Polkadot, and Uniswap. BitWise has maintained this initial fund since 2018, correlating its value with the ten most highly valued cryptocurrencies.

“Remember when I was speculating that ADAs HUGE price movement was from someone purchasing ADA for an ETF? NYSE Arca just submitted a filing to the SEC to launch a Bitwise 10 Crypto Index Fund with Cardano as the fifth largest asset. I imagine Coinbase will follow, first of many,” influencer Big Pey posted on X (formerly Twitter).

BitWise joined the crypto ETF market earlier this year with its Bitcoin ETF (BITB). The firm was among the first ten applicants to file for an ETF with the SEC.

With the filing of this latest application, it seems like BitWise is looking to leverage the growing institutional appeal toward the broader crypto market. The firm also recently filed for an XRP exchange-traded product (ETP) in Europe.

The SEC officially acknowledged this submission, starting a countdown for the Commission to either reject or approve it. However, a deadline for deciding on this application has yet to be confirmed.

Overall, a new friendliness to the crypto industry is sweeping the US financial regulatory apparatus. Under Trump’s administration and a new SEC leader, the industry is likely to see more diverse ETFs being approved.