Helium (HNT) has experienced a significant rally, posting double-digit gains for the first time in months, and is now targeting a potential breakout to $1.16. Key technical indicators suggest further upside potential, with the Moving Average Convergence Divergence (MACD) nearing a golden cross and the Relative Strength Index (RSI) trending upward, though not yet in the bullish zone above 50. In the perpetual futures market, HNT's Open Interest has increased by 10% to $2.3 million, the highest since April 29, indicating renewed investor interest. The positive funding rate of 0.0144% further supports a bullish outlook, as long traders dominate the market. However, HNT must break above its descending channel's resistance to confirm a sustained rally, with targets at $1.16, $1.34, and $1.67.