The technical analysis suggests that HEX is currently testing the .065 cent range resistance. If HEX can successfully clear this resistance before a pull back, it is likely to build support at .06 cents and test the next resistance level just before entering into all time highs territory.
For great summary of current HEX conditions watch the video from two days ago by cryptosloth featuring silvertheantidote and axis alive.
In terms of momentum, it may be helpful to keep an eye on the Moving Average Convergence Divergence (MACD) indicator and the Volume Weighted Average Price (VWAP). If the MACD line crosses above the signal line, it can indicate a bullish trend, and if the VWAP is trending upwards, it can indicate increasing buying pressure.
Additionally, it's important to consider the overall market sentiment and any news or events that may impact the price of HEX. For example, the adoption of HEX by a major player or a new partnership could positively impact its price, while negative news such as a security breach could negatively impact its price. Pulsechain launch could spark such an event very soon.
For great summary of current HEX conditions watch the video from two days ago by cryptosloth featuring silvertheantidote and axis alive.
In terms of momentum, it may be helpful to keep an eye on the Moving Average Convergence Divergence (MACD) indicator and the Volume Weighted Average Price (VWAP). If the MACD line crosses above the signal line, it can indicate a bullish trend, and if the VWAP is trending upwards, it can indicate increasing buying pressure.
Additionally, it's important to consider the overall market sentiment and any news or events that may impact the price of HEX. For example, the adoption of HEX by a major player or a new partnership could positively impact its price, while negative news such as a security breach could negatively impact its price. Pulsechain launch could spark such an event very soon.
Comment:
0.065 resistance push is playing out. I think we are going to break 0.065 resistance and then it will become support. Hex flipped doge again. Pulsechain updates looking good.
Comment:
FOMO starting now. support within 0.065 range. Support of 0.45 exists below that. don't think we will see 0.03 anymore as we have for the past 6+ months. Getting footing between .045-.065 preparing for a large move up. Low TVL as people want their coins upon forking for Pulse.