- HEX token indicates the trend reversal sign near crucial support at $0.170 in today’s trading session.
- The HEX token inventors maintain the crypto price above the 20-day moving average in terms of the hourly price chart.
- The HEX/BTC pair price is slightly bearish by 1.95% at 0.000004506 satoshis..
Including the current pricing, the HEX token is on its way to becoming one of the top 100 cryptocurrencies. The currency is now ranked #201, with a live market cap price of $31.5 billion. Though it has a circulating supply of $173.4 Billion HEX Tokens, the total supply is not publicly available online. After the sharp correction phase as well as breaching the ascending trendline, the HEX investors found a crucial support level of $0.17 and bounced back to today’s trading session.
The live data of the HEX token is reflecting the solid bullish momentum of 5.16% at $0.1820 after retesting the crucial $0.17 support. However, the token has regained 14% of its trading volume over the past 24-hours. But the daily volume has been maintaining low volatility for the crypto price since 9 January. Low volatility could be the significant reason behind the bear’s failures (unable to slip below $0.17support). Meanwhile, the Volume to market capitalization ratio is 0.0005398. Moreover, The HEX/BTC pair price is slightly bearish by 1.95% at 0.000004506 satoshis..
The HEX token price observes sustainability above the 20-day Moving average over the hourly price chart. In terms of the daily price chart, bears succeeded to jump below 20-MA (white) on 17 February, and along with significant moving averages (such as 20,50,100, and 200 MAs) are above the current crypto price. Moreover, the token has immediate resistance at $0.22 and $0.2650 (according to Fib retracement 0.5-level).
In 2022, bulls are aiming to hit a vital level of $1.0
According to the Bollinger bands indicator, the Current price is retesting the lower verge, where the buyers may take advantage of this indication to gain an excellent ROI in the longer term. The half-level of the BB indicator (20-MA line) may act as a short-term bullish hurdle.
The Daily RSI turned its peak to the upside near the oversold zone. Now RSI is at the 40 mark and could attract buyers for the bullish momentum. However, the MACD is approaching the neutral level (0-mark) in the daily price chart.
conclusion
The price of the HEX token is trading at a poor price near above the demand zone. Many investors believe that the HEX token might be a good selection addition for the future, and the forecasting includes many factors such as price, market cap cycle, volume, and similar coin, but the forecasting states that the valuation of the crypto might reach as high as $10 by the end of 2030.
Support level – $0.17 and $0.10
Resistance level – $0.2650 and $0.50
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.