Bear Cycle In Wedge Pattern Hints 28% ធ្លាក់ចុះ

Helium And Fantom Gain Upto 13% - Crucial Price Levels On Target Next!

បោះពុម្ពផ្សាយ ៣ ម៉ោងមុន

Responding to the recent sell-off in the crypto market, the អេលីយ៉ូម (HNT) price turned down from the dynamic resistance trendline. The bearish reversal slumped the altcoin 40% lower as it pierced the $9.8 support. However, today the coin price reverts to retest the breached resistance; will it sustain?

ចំណុច​សំខាន់: 

  • The HNT price should higher price rejection candle at $9.8 resistance
  • The coin sellers regain the 20-day EMA as a legitimate resistance
  • បរិមាណជួញដូរថ្ងៃនេះនៅក្នុងកាក់ Helium គឺ $84.5 លានដុល្លារ ដែលបង្ហាញពីការកើនឡើង 63.92% ។

គំនូសតាង HNT/USDTប្រភព - tradingview

Lowering within the falling wedge pattern, the គូ HNT/USDT has tumbled 83.6% from the November All-Time High of $55.2. On May 28th, the coin price rebounded from the lower support trendline and triggered a new bull cycle.

The recovery rally propelled the HNT price 76% higher to reach the aligned resistance of the 50-day EMA and resistance trendline. However, last week’s sell-off in the crypto market prevented a bullish breakout from the overhead resistance, indicating the price would continue to resonate within the pattern.

The resulting bearish reversal breaks the $9.8 support, suggesting the sellers aim for another leg down. Even though the HNT price witnessed a massive inflow today, registering an 18.3% gain, the buyers still struggled to surpass the $9.8 flipped resistance.

Thus, with a candle closing below the mentioned support, the seller may pull altcoin 28% lower to $6.74 support. Moreover, in extreme bearish conditions, the altcoin would drop to the bottom support trendline.

សូចនាករបច្ចេកទេស

The recent reversal pushed the altcoin below the 20-day EMA. This EMA now acts as a valid resistance and assists sellers in preventing a $9.8 breakout.

Following an evident bullish divergence, the daily RSI slope nearing to cross above the neutral line(50%) indicates growth in bullish momentum. This crossover may attract additional buyers and bolster wedge pattern breakout.

  • កម្រិត Resistance - $9.8 និង $12
  • កម្រិតគាំទ្រគឺ $6.78 និង $5

ពី៥ឆ្នាំមកនេះ ខ្ញុំធ្វើការផ្នែកសារព័ត៌មាន។ ខ្ញុំធ្វើតាម Blockchain & Cryptocurrency ពី 5 ឆ្នាំមុន។ ខ្ញុំបានសរសេរលើប្រធានបទផ្សេងៗគ្នា រួមទាំងម៉ូដ ភាពស្រស់ស្អាត ការកម្សាន្ត និងហិរញ្ញវត្ថុ។ raech ចេញឱ្យខ្ញុំនៅ brian (នៅ) coingape.com

ខ្លឹមសារដែលបានបង្ហាញអាចរាប់បញ្ចូលទាំងគំនិតផ្ទាល់ខ្លួនរបស់អ្នកនិពន្ធនិងស្ថិតក្នុងស្ថានភាពទីផ្សារ។ ធ្វើការស្រាវជ្រាវទីផ្សាររបស់អ្នកមុនពេលវិនិយោគលើគ្រីបគ្រីប។ អ្នកនិពន្ធឬការបោះពុម្ពផ្សាយមិនទទួលខុសត្រូវចំពោះការបាត់បង់ហិរញ្ញវត្ថុផ្ទាល់ខ្លួនរបស់អ្នកទេ។

បិទរឿង

Source: https://coingape.com/markets/hnt-price-analysis-bear-cycle-within-wedge-pattern-hints-28-fall/