HEMI/USDT Market Analysis :

The HEMI/USDT chart reflects that the asset is trading close to its all-time low, trying hard to establish a base after its sharp drop.

The most critical support for the asset lies between $0.0160 and $0.0170; holding above this zone is important in order not to see a further catastrophic breakdown of the price.

Immediate short-term resistance lies around $0.0205 to $0.0215, which coincides with recent moving averages.

A decisive break and hold above this range would be the first constructive sign of a possible short-term reversal, targeting the intermediate resistance near $0.0250 to $0.0270.

What is needed for the bullish scenario to be considered is price consolidation above the critical support and a breakout past the immediate resistance. Conversely, the failure to do so and the sustained drop below $0.0160 would confirm the continuation of the downtrend.

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