Helium price forecast as Coinbase suspends Helium MOBILE trading

The Helium ecosystem is under renewed pressure after Coinbase, one of the largest crypto exchanges globally, officially suspended trading for the deprecated Helium Mobile (MOBILE) token, triggering a sharp selloff across related assets. The move, which had been announced in late May , has taken effect and immediately sparked concerns among investors about the broader implications for Helium’s native token, HNT, and its long-term market stability. Coinbase ends support for MOBILE On June 26, Coinbase confirmed via its @CoinbaseAssets handle that trading for MOBILE, along with Render (RNDR), Ribbon Finance (RBN), and Synapse (SYN), has been disabled. Coinbase Assets 🛡️ @CoinbaseAssets · Follow We have disabled trading for MOBILE, RNDR, RBN, & SYN. Your funds will remain accessible to you, and you will continue to have the ability to withdraw your funds at any time. 9:06 PM · Jun 26, 2025 169 Reply Copy link Read 27 replies According to the company, the decision followed a routine asset review, which found that the older versions of these tokens no longer met Coinbase’s listing standards due to ecosystem upgrades and protocol transitions. While most exchanges had already converted the deprecated Solana-based MOBILE token into HNT following the implementation of HIP 13 earlier this year, Coinbase delayed the process, leaving some users confused about the token’s status. That confusion has now translated into market volatility, with both MOBILE and HNT experiencing significant price drops as traders digested the implications of the delisting. Selling pressure hits Helium tokens Shortly after the suspension was confirmed, MOBILE’s price plunged to a daily low of $0.00026 on June 27, down nearly 88% from its December 2024 peak of $0.0021. Although it rebounded slightly to $0.00027 at press time, sentiment remains weak, and the token appears to be struggling under the weight of bearish momentum. The ripple effect was felt across the Helium ecosystem, as HNT fell over 5% alongside a similar drop in the IOT token, reflecting spreading uncertainty among investors. Market data from CoinGlass showed that open interest in Helium’s derivatives market dropped by 16% within 24 hours, indicating that traders were closing out positions amid the turmoil. At the same time, the long-short ratio leaned bearish, and on-chain activity revealed increasing transfers of HNT to centralised exchanges; a classic sign of growing sell-side pressure. HNT’s price has slipped below key support As of June 27, HNT was trading at $2.19, down 2.4% in 24 hours and nearly 42% over the past month, based on the latest data from crypto trackers. The price had broken below its previous support level of $2.308, a critical zone that now flips into a resistance level, signalling weak price stability and diminished buyer confidence. Technically, HNT has entered a descending channel pattern, which typically suggests a continuation of downward price movement unless disrupted by strong buying interest or a market catalyst. The Supertrend indicator has flipped above the current price, reinforcing the bearish outlook, highlighting a decline in upward momentum. If the bearish structure holds, analysts expect the HNT token to test the next major support level near $2.00, with a deeper drop toward $1.80 possible in a high-volume liquidation scenario. Nevertheless, the Relative Strength Index (RSI) on the daily chart, which has fallen below 30 into the overbought region, has risen slightly to above 33, signalling some slight market relief from the bear pressure. Helium price chart| Source: TradingView Neymar partnership speculation offers a lifeline Despite the short-term headwinds, Helium’s development team recently teased a possible collaboration with Brazilian football superstar Neymar, a move that could help reinvigorate attention and confidence in the project. Although details remain scarce, even limited endorsements or promotional activity from a figure of Neymar’s global stature could serve as a powerful narrative shift at a time when Helium’s credibility is under pressure. Still, until concrete updates emerge, the market appears focused on the fallout from Coinbase’s decision and the broader question of how Helium will stabilise its token economy going forward. Helium price forecast With its current market cap standing at $402 million and circulating supply nearing 184 million tokens, HNT still has a solid foundation, but short-term sentiment remains cautious. The key question now is whether Helium can restore investor confidence through network growth, adoption, or partnerships strong enough to reverse the current bearish trend. Until then, traders will likely continue to tread carefully, watching technical levels and ecosystem developments for any signs of a sustained recovery. The post Helium price forecast as Coinbase suspends Helium MOBILE trading appeared first on Invezz

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