Helium, Solana’s leading Decentralized Public Infrastructure Network, has outperformed the broader altcoin market over the past week. Alongside it, the cat-themed meme coin Simon’s Cat has also seen double-digit gains.

According to recent price data, Helium (HNT) surged by 27.6%, climbing from its lowest point of $6.66 on Aug. 30 to an intraday high of $8.5 on Sep. 6. This marks a level not seen since March 12, 2024. Over the past week, Helium has gained more than 17.3%, making HNT the top gainer among the 100 largest cryptocurrencies by market value.

Conversely, the total crypto market valuation decreased by 3.5% in the last 24 hours, settling at $2.05 trillion. Bitcoin declined by 2.2%, and Ether saw a 2.3% drop.

Helium’s weekly bullish momentum aligns with the continued growth in its mobile subscriber base. Helium Mobile, which connects to global hotspots for data sharing and communication without relying on traditional cellular or WiFi networks, saw its subscriber count surpass 100,000 in early August, reaching 112,867 by Sep. 6. This marks a 300-fold increase in just one year.

HNT also gained attention after two major U.S. telecom companies began testing its network as part of a carrier offload program. This program redirects traffic to Helium’s network during periods of congestion. These tests have reportedly attracted nearly 790,000 users, transferring over 20.47 terabytes of data.

At the same time, Helium’s trading volume has been on the rise, averaging more than $25 million daily. This is noteworthy, especially considering Binance delisted HNT futures earlier this year.

HNT’s price rally is being fueled by a 254% increase in total open interest over the past seven days, reflecting growing trader engagement. Open interest in the futures market surged to $10.87 million on Sept. 6, the highest level since Dec. 25, 2022.

Technically, HNT is exhibiting strong bullish momentum, with the formation of a golden cross—where the 50-day and 200-day Moving Averages intersect—acting as a key bullish indicator. Combined with a mid-range Relative Strength Index around 63, the market conditions seem close to the overbought level, suggesting room for further gains.

The recent price surge saw Helium break through the critical resistance at $7.98, signaling ongoing reversals. This level is significant as it marks August’s highest swing point and the upper limit of an emerging double-top formation. Next, Helium buyers are likely to aim for the $8.50 level, which could pave the way for a move toward the channel target of $10.50.

Amid the weekly surge in HNT, cat-themed meme coins were also enjoying a green period. The broader meme coin market fell by 2.9% to $38.6 billion at the time of writing.

Simon’s Cat (CAT), a meme token themed after the popular animated series, surged by 18.47% over the past week. The token debuted on Aug. 23 and has seen positive community sentiment on platforms like CoinGecko and CoinMarketCap.

In a strategic move, 20% of CAT’s total supply was airdropped to the Floki community to attract more investors to the BNB ecosystem. However, this airdrop led to a temporary dip in CAT’s price. Despite this, Binance has expressed support for the initiative. The token is traded on several well-known exchanges, including BingX, Gate.io, KuCoin, and MEXC.

Even with the recent price dip, market analysts are optimistic about CAT’s potential for growth. Analyst IBCIG has highlighted that Simon’s Cat coin is undervalued, particularly on the Binance Smart Chain (BSC), noting its resilience in tough market conditions. They anticipate a strong rebound, especially with potential strategic moves from Binance CEO Changpeng Zhao.

Additionally, analyst Ted is encouraged by CAT’s climb above $0.000028, seeing it as a precursor to a potential bullish trend. He believes sustained interest could propel the token towards a billion-dollar market cap.

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