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HEX Price Analysis: HEX Coin Taking Breather After New ATH

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  • HEX coin price bounceback from $0.01473 to $0.01718 on Saturday’s trading session
  • The 24-hour volume in HEX is at $8,992,561 with a 8.25% increase
  • The HEX/BTC pair was trading at 0.0000002967 BTC with a gain of 7.76%

The 4-hour technical chart of HEX coin price action forecasts a positive trend. According to pivot points, HEX’s critical support level is placed at $0.01473. Whereas if it moves up, the key resistance level to watch is $0.01887. While diving into the weekly chart of a 4-hour time-frame, it completes a spinning top candlestick pattern representing a neutral trend.

EMA- (8,13,21,55) acts as another strong support in the coin. EMA-8 (blue) has stuck at EMA-13,21, which projects a neutral trend. The price is fighting to sustain above EMA-8. Investors may perceive no crossover in the EMA, and the price will also follow the neutral trend.

RSI indicator (Neutral), with a value of 51.20, indicates a neutral situation in the coin. Moreover, Investors can see a flat slope in the index, and it may consolidate in future trading sessions.

The volume of (134.70K) represents a low buying volume which is below the Volume MA (1.47M) of 20-days. High buying pressure is required in HEX to drive its price to higher levels.

HEX Coin Low Volume Interest Suggests Consolidation 

HEX coin price traded at $0.01718 with a gain of 5.77% in the last 24-hour and 10% up in the weekly time-frame. Furthermore, HEX coin price bounceback from the support of $0.01473. Technically, investors can perceive no crossover in EMA, and the price is sustaining above the 8-EMA. RSI index showcases a flat slope. Moreover, the price movement can be neutral in future trading sessions.

Resistance: $0.01887

Support: $0.01473

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