#USBitcoinReservesSurge
Hemi USDT — chart analysis
Hemi is showing signs of short term exhaustion after an early breakout run but traders are still watching for a bounce if key levels hold
Price snapshot
Last price around 0 .0589
Down about 6 percent on the day
Intraday range between 0 .0652 high and 0 .0583 low
Trading volume near fourteen million US dollars which means there is still active participation
Why it is moving
After the exchange launch and early hype many holders are taking profits which brings selling pressure
Volume remains high but buyers are not strong enough to push the price higher yet
The market is balancing between early holders selling and new participants testing support
Momentum indicators show a short term cooldown and traders are watching for confirmation of a new higher low
Key levels
Support one near 0 .058 — this is the current floor where price keeps bouncing
Support two near 0 .050 — psychological round level if selling continues
Resistance one near 0 .065 — short term ceiling and first breakout target
Resistance two near 0 .090 to 0 .095 — area of heavier supply from previous peaks
Trend outlook
On intraday charts the tone is slightly bearish with lower highs and lower lows
On a medium time frame the structure is mixed to neutral after the pullback from highs
Trade idea
If price holds above 0 .058 and closes an hourly candle above 0 .065 with rising volume then a push toward 0 .09 becomes possible
In that case a breakout entry above 0 .065 with a protective stop just under 0 .058 could offer roughly a one to two risk reward setup
If price falls below 0 .058 on stronger volume then expect a slide toward 0 .050 where a fresh bounce might appear
Wait for a clear reversal signal there before trying to buy again
Summary
Hemi is still young and volatile
Watch for volume spikes and how price reacts around 0 .058
A strong recovery above 0 .065 could turn the short term trend back to bullish but losing that 0 .058 level would confirm further weakness
Trade small and stay flexible
