Date: Thu, Oct 09, 2025 | 12:10 PM GMT
The cryptocurrency market is witnessing volatility today after an impressive rally that sent Bitcoin (BTC) to a new all-time high of $126,000 before correcting to around $123K. Ethereum (ETH) also slipped over 2%, adding mild pressure across major altcoins — except for the IoT-focused token Helium (HNT).
HNT has surged by an impressive 14% today, but more importantly, its latest technical structure is showing a potential bullish setup that could drive the price much higher in the sessions ahead.
Bullish “Adam and Eve” Pattern in Play
On the daily chart, HNT has formed a textbook bullish Adam and Eve double bottom pattern — a classic reversal setup often seen before major trend shifts from bearish to bullish.
This pattern began taking shape after HNT was rejected from the $4.23 resistance zone in late May 2025. The first sharp decline formed the V-shaped Adam bottom near $2.15, while the second decline was slower and more rounded — creating the Eve bottom around the same price range.
Since then, HNT has been steadily recovering, carving out the right side of the cup formation. Currently, the price has reached around $2.7621 and has reclaimed its 100-day moving average (MA) at $2.7395, which now acts as a strong support level for the next sessions.
What’s Next for HNT?
If this pattern continues to unfold and buyers manage to defend the 100-day MA, the next key target will be the 200-day MA at $3.0159.
A decisive move above this level could confirm the bullish momentum, paving the way for HNT to test its neckline resistance at $4.23 — a potential breakout zone that represents a 53% upside from the current price.
Such a breakout would officially validate the Adam and Eve reversal pattern and could mark the beginning of a stronger uptrend heading into Q4 2025.
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