HEX Price Analysis: HEX Coin Taking Breather After New ATH

HEX coin price bounceback from the support of $0.01473
  • 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.

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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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Nikhil Ingolehttp://themarketperiodical.com
Mr, Nikhil Ingole is a cryptocurrency technical analyst with over seven years of technical analysis trading experience in Forex and Indian stock market. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.

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