Helium Founder Steps Down as CEO of Nova Labs Amid HNT Price Decline
- Leadership Change: Amir Haleem has stepped down as CEO of Nova Labs, transitioning to the chairman role, with Mario Di Dio taking over as CEO, a move that comes amid HNT's 96% price decline, highlighting significant challenges facing the company.
- HNT Price Decline: HNT has fallen 96% over the past five years and dropped another 15% on the day of Haleem's resignation, indicating a severe lack of market confidence in the Helium project, which could impact the company's funding and future growth prospects.
- Helium Mobile Sale Fails to Boost HNT: Nova Labs sold Helium Mobile to Noble Mobile on June 2, 2026, but this sale did not lift HNT's price, which fell 30% over the week and 46% over the month, reflecting a pessimistic market sentiment towards the project.
- Company's Controversial History: Nova Labs raised nearly $365 million during its lifetime but faced criticism for false advertising and a lawsuit from the SEC, ultimately settling in 2025 with a $200,000 penalty, which may have long-term implications for the company's reputation and future operations.
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Technical Analysis for HNT
Technical Sentiment Analysis for Helium (HNT). As of , Helium (HNT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for HNT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, HNT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Helium (HNT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0633 | 0.175 | 0.249 | 0.361 | 0.435 | 0.547 | 0.621 |
| Fibonacci | 0.175 | 0.246 | 0.29 | 0.361 | 0.432 | 0.476 | 0.547 |
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