Helium Network Expands Coverage in the US, But HNT Token Struggles to Keep Pace

While Helium Mobile has enjoyed phenomenal success, the network has failed to keep pace, with the general market pulling it down further

Helium Mobile, a decentralized wireless network provider, has announced a new partnership with Ameriband, a leading provider of Wi-Fi infrastructure in the United States. The partnership will see Ameriband integrate 100,000+ data-only hotspots into the Helium Network, expanding the network’s coverage across the country.

This is significant news for Helium Mobile users, as it will mean faster and more reliable connectivity in even more locations. It also marks a major milestone in Helium’s goal of becoming the world’s largest decentralized wireless network.

Ameriband’s vast network is deployed in well-known retail businesses, grocery chains, venues, and commercial locations across the country. This will help drive usage to the Helium Network and ensure that anyone with a Helium Mobile phone plan will experience connectivity in even more places than before.

The partnership is part of Helium’s carrier offload program, which allows network providers to offload data traffic onto the Helium Network. The program currently caters to 130,274 subscribers from three different network providers, with over 122 TB of data being routed to the Helium Network. These figures are expected to continue growing as the Ameriband partnership takes effect.

Meanwhile, HNT bulls are attempting to retest the current $6.79 resistance level. At the time of writing, HNT is still on the down-low and may make another dive toward $6.23 in the coming days or weeks. However, the relative strength index (RSI) is hinting at a possible bullish reversal within this week or the coming week.

The rising market correlation with the broader market may endanger the token’s bullish momentum that is currently building up. Keeping this in mind, HNT may continue to stabilize between the $6.23-$6.79 trading range in the coming days but may drive down toward $6.23 or $5.67 if the bears remain superior in the coming months.