Helium’s HNT token rose 36% over 24 hours, although CoinGlass data showed it remained down 38% year to date. The rally was linked mainly to cell coverage usage in Celina, Texas, and Waimea Valley, Hawaii, where users rely on Helium services for internet connectivity. A sentiment gauge ranging from -10 to 10 stood at 5.6, indicating a bullish market outlook. However, perpetual futures (contracts without expiration dates) positioning remains a risk: the funding rate fell to about -0.6954%, while roughly $16.94 million in positions favored shorts. CoinGlass’s liquidation heatmap identified a potential downside cluster near $0.20, while another cluster above the current price leaves room for further gains if momentum persists. DeFiLlama financial data showed Helium operating at a loss of about $178,000, its lowest accumulated loss recorded this year, but still lacking profitability. Spot markets recorded approximately $218,000 in net outflows over 24 hours. Although seller dominance has eased in recent days, the outlook remains vulnerable until spot netflow turns negative, which the source associates with buying activity overtaking selling.